Export Credit Guarantee Company of Egypt
The Government of Egypt provides EGE with access to an additional hybrid capital in the form of subordinated Export development Bonds to be issued by EGE upon need and is fully subscribed by the National Investment Bank ( The Sovereign Fund of Egypt) . The bonds do not have a specific maturity date & extend until the end of the life of the company. EGE currently has an outstanding Export Development Bonds of 50 Million which forms part of its capital base.
✓ Export and domestic credit insurance
✓ Whole turnover policy
✓ Single shipment policy
✓ Unconfirmed letters of credit policy
✓ Services policy
✓ Export, import and domestic factoring
✓ Insurance, finance and collection of export and domestic trade receivables on recourse and non-recourse basis
Export Credit Guarantee of Egypt (EGE) was established in 1992 with a presidential decree issued by the president of Egypt & approved by the People’s Assembly.
Ownership: Export Development Bank of Egypt (EBE) : 70%, National Investment Bank (State Investment): 21%, Misr Insurance (State Owned): 6%, Al Ahli Capital ( State Owned): 1.2%