Page 140 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024 (International)

6/4/24, 4:31 PM Small Business | The Suffolk News-Herald
ECI's supported UAE exporters across 17 sectors in 110 countries, amounting to a non-oil trade
and investment of AED 14 billion in 2023. This was facilitated by 21 agreements with

government export credit agencies.

ECI's commitment to supporting clients beyond credit insurance is demonstrated by the
company's handling of overdue payments, resulting in collection of AED 82 million. It showcases
ECI's contributions to facilitating financial access for UAE exporters, with over AED 1.8 billion

worth of credit cover provided.

ECI has given a credit cover of AED 4.7 billion to UAE's industrial sector with AED 1.4 billion
in 2023, in line with the partnership with Ministry of Industry and Advanced Technology

(MoIAT).

It further highlighted ECI's commitment of USD 500 million to boost Africa's clean energy
transition as part of the UAE's USD 4.5 billion Africa Green Investment initiative. The company
supported clients with management of late payments worth AED 415 million, with recovery of

AED 353 million or 83 per cent.

ECI-backed trade finance lending crossed AED 1 billion in the first year of a partnership with DP
World Trade Finance. It aims to broaden SME access to trade finance by mitigating the potential
risks. ECI's plans to leverage the UAE's Comprehensive Economic Partnership Agreements

(CEPAs) to enhance trade and strengthen commercial relations.

https://smb.suffolknewsherald.com/article/Etihad-Credit-Insurance-records-21-fold-growth-in-gross-exposure-by-end-of-2023-to-reach-AED-96-billion-i… 2/2