Page 25 - ETIHAD CREDIT INSURANCE PR REPORT - MAY 2024
P. 25
Press Release
underscored ECI’s strong track record of managing claims and recoveries across its portfolio.
The company supported clients with management of late payments worth AED 415 million, of
which AED 353 million or 83 per cent were successfully recovered, it added.
It stated that ECI-backed trade finance lending crossing AED 1 billion in the first year of a
partnership with DP World Trade Finance. The partnership aims to broaden SME access to
trade finance by mitigating the potential risks and covered industries including agricultural
commodities, chemicals, manufacturing, and construction material.
The report also outlined ECI’s plans to leverage the UAE’s Comprehensive Economic
Partnership Agreements (CEPAs) to further enhance trade and strengthen commercial
relations. These efforts will be supported by ECI’s expanding information database, which
grants access to over 300 million corporates globally, empowering UAE-based exporters with
valuable insights and intelligence.
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About Etihad Credit Insurance (ECI)
Etihad Credit Insurance, UAE’s federal export credit company, offers businesses, financial institutions
and investors innovative solutions that catalyse and consolidate international trade. The company
provides a wide range of solutions and products such as export credit insurance, risk mitigation
insurance, comprehensive market intelligence, export strategy and access to finance. Established in
2018, ECI has a Fitch Rating of ‘AA-’ and is a member of the widely acclaimed Berne Union and an
affiliate member of the UN Environment Programme – Finance Initiative’s NZECA.
ECI is dedicated to fostering sustainability and non-oil trade to support the resilience and diversification
of the UAE economy, while empowering businesses to conduct seamless global trade by providing
robust credit solutions and expert market insights. Guided by the core organisational values of
protection, customer-centricity, integrity, collaboration, global competitiveness, innovation, and
sustainability, ECI remains committed to ensuring client success.
