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Oesterreichische Kontrollbank AG - more than an Export Credit Agency . Karin Roitner. Belgrad, 22.3.2011. Three reasons to do business with Austria. Timeless OeKB architecture. Insurance / guarantees and financing under one roof (almost unique in continental Europe)
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Oesterreichische Kontrollbank AG - morethan an Export Credit Agency Karin Roitner Belgrad, 22.3.2011
Timeless OeKB architecture • Insurance / guarantees and financing under one roof (almost unique in continental Europe) • Total guarantees outstanding: approx. EUR 40.7 bn (12/2009) • Total financing volume: approx. EUR 31.4 bn(12/2009) • AAA – funding conditions
Wide range of instruments • insurance p l u s indirect financing (it is via banks) of • short a n d medium/long term export credits • supply contracts a n d Austrian foreign direct investments • material production a n d services (except nuclear and defence) • pre-shipment a n d credit period • purely Austrian projects a n d multi-sourcing deals • sovereign and sub-sovereign buyers/guarantors, transactions backed by banks, corporate risk business, project financing • bonds and counter guarantees ...
OECD – Country risk classification (March 2011) (regularly updated at http://www.oekb.at) RISK Argentina Belarus Bosnia-Herzegovina Iraq Kosovo Kyrgyzstan Moldova Pakistan Tajikistan Ukraine Venezuela Albania Angola Armenia Georgia Iran Montenegro Serbia Syria Turkmenistan Uzbekistan Algeria Brazil India Mexico Morocco Russia South Africa Thailand Tunisia Bulgaria Columbia Egypt Indonesia Philippines Romania Turkey Uruguay Azerbaijan Croatia Jordan Kazakhstan Libya Macedonia Nigeria Vietnam Germany Hungary Korea Rep. Slovenia USA Chile China Poland Saudi Arabia Hongkong Taiwan 1 2 3 4 5 6 7 0 CATEGORY
SerbiaandOeKB • OeKB among largest Berner Union lenders • FDIs biggest portion of current portfolio • project underwriting main focus: telecom, infrastructure • quite open country policy (long term tenors possible) • for larger projects: multisourcing is a must • rather good payment experience
Case study • rehabilitation of HEPP BajinaBasta (installed capacity 340MW) • supply of electro-mechanical equipment by Andritz Hydro to ElektroprivredaSrbije (EPS) • contract value app. EUR 66 m / milestone payments • sources of fund: KfW (untied loan) and own funds of buyer • OeKB cover: EUR 16 m on a revolving basis
Contact – www.oekb.at Karin RoitnerTel. 01 531 27 2612Fax 01 531 27 4612 karin.roitner@oekb.at