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A WHOLE WORLD OF SERVICES

A WHOLE WORLD OF SERVICES

INTELLIGENCE FOR INTERNATIONAL LOGISTICS

WE MAKE THE WORLD YOURS

WE MAKE THE WORLD YOURS

SIMPLE & SMART TRADING

WE LINK THE WORLD TOGETHER

WE LINK THE WORLD TOGETHER

SIMPLE & SMART TRADING

A WHOLE WORLD OF SERVICES

A WHOLE WORLD OF SERVICES

INTELLIGENCE FOR INTERNATIONAL LOGISTICS

AT YOUR CONVENIENCE WE DELIVER

AT YOUR CONVENIENCE WE DELIVER

YOU EXPORT ... WE GUARANTEE

Financial Figures

The Company

Established in 1992 as an Egyptian joint stock company with an authorized and paid in capital of 250 million Egyptian Pounds.

 

MERIS, Middle East Rating and Investors Service issued a National Scale Rating (NSR) for the Export Credit Guarantee Company “ECGE” Long-term obligations, i.e “Senior Unsecured Debt.” ECGE was given an “A-“rating in September 2010.

 

MERIS analysis was based on the audited financial statements for the financial year ending June 2010.

 

An “A” rating denotes that the institution represents Above Average Credit worthiness relative to other domestic institutions, which means that the institution has a low risk profile, in addition to its ability to repay its debts upon maturity.

 

The (+/-) sign denotes relative status within each rating category.

Board of Directors

Chairman of the General Assembly - Minister of Trade & Industry.

 

Board of Directors

  • Chairman and Managing Director (ECGE)
  • 5 Representatives of Export Development Bank of Egypt (EBE)
  • 2 Representatives of National Investment Bank (NIB)
  • 1 Representatives of Export Credit Guarantee Company of Egypt (ECGE)
  • 1 General Figure

Vision & Mission

ECGE Vision

Committed to support companies expanding their business and growing their sales, by providing them with innovative trade receivables management solutions ranging from trade credit insurance to credit information, debt collection and trade finance

 

ECGE Mission

  • To be the internationally recognized Export Credit Agency supporting National Exports.
  • First class Export Credit Insurance Agency and Factoring Company staffed with first class professionals.

Shareholders

Export Development Bank of Egypt | 70.55%

The Bank started its activities in Feb. 1985 at the time when the economic arena was characterized by major developments, a matter which gave the bank's mission special significance, as Egypt was suffering at that time from great pressures on its balance of payments. This was apart from the rising deficit of the balance of trade. Consequently, the external debt problem started to represent a sort of concern to the Egyptian economy in all its sectors.

The Bank was founded as a financial institution to boost Egyptian exports. The export development issue is not only an economic policy to cope with the balance of payments problem, but also represents a strategic trend for development policies in a global economy that gets closer and integrated every day. Accordingly, the export sector is a crucial propeller for modernization and development. There are various examples of many small and medium size countries in which the export sector played a significant role in developing their economies.

 

National Investment Bank | 21.61%

The National Investment bank has been established according to law no. 119 for the year 1980 with the purpose of financing the government's projects listed in the general plan for economic and social development through equity participations in those projects, providing the required finance needed to implement them, and follow up on the implementation.

The duty of the bank extends to set the basis for financing according to article (2) of the law of establishment of the bank.

 

Misr Life Insurance | 6%

Misr Life Insurance is the largest life insurance company in Egypt, Africa and the Arab world.  Established in July 2010 the company is the product of the merger of the life insurance activities of the oldest and largest insurance companies in Egypt owned by the state being Misr Insurance Company, Al Chark Insurance Company, Al Ahlia Insurance Company & The Egyptian Reinsurance Company.

 

National Bank of Egypt | 1.2%

NBE is the oldest commercial bank in Egypt. It was established on June 25, 1898 with a capital of £ 1 million. Throughout its long history, NBE's functions and roles have continually developed to square with the different economic and political phases in Egypt. During the 1950s, NBE assumed the central bank's duties. After its nationalization in the 1960s, it acted as a pure commercial bank besides carrying out the functions of the central bank in the areas where the latter had no branches. Moreover, since mid-1960s, NBE has been in charge of issuing and managing saving certificates on behalf of the government.

 

Mohandis Insurance Company(MOIN) | 0.61%

 

Others | 0.03%

 

 

Contact Us

Use this form to send us a message:

 

Get in touch with us

Address: 5 El Nasr Road , Nasr City – Cairo – Egypt

TEL (202) 2263 6740, 2263 6745, 2263 6762

FAX(202) 2263 6825

POSTAL CODE: 11371

Email: support@ecgegypt.net

Web: http://www.ecgegypt.net

 
Mr. Alaa Gouda | General Manager and Member of The Board of Directors

Mobile: 002 0122 340 8952 | Email: alaa.gouda@ecgegypt.net

 
Amal Arnaout | Deputy General Manager for Marketing

Mobile: 002 0100 101 0850 | Email: amal_arnaout@ecgegypt.net

 
Gamal A.Fahmy | Assistant General Manager for Underwriting and Reinsurance

Mobile: 002 0111 444 9455 | Email: gamal_fahmy@ecgegypt.net

 
Marwa Faisal El Said | Assistant General Manager for Insurance Department

Email: marwa_faisal@ecgegypt.net

 
Marwa Abd Elaal | Assistant General Manager for Factoring Department

Email: marwa_abdelaal@ecgegypt.net

 
Rabab Mohamed Mahmoud | Assistant General Manager | Marketing and Risk Assessment

Email: rabab_mohamed@ecgegypt.net

ECGE | Frequently Asked Questions

FAQ

These pages are intended to provide you with efficient and effective solutions for a variety of frequently asked questions.

These resources were created by the ECGE staff to provide you with instructions on some of the more involved aspects of ECGE.

 

What is an FAQ?

The term FAQ is an acronym for Frequently Asked Questions. In most cases, FAQ is a document that contains the most commonly asked questions about a given subject or theme. FAQ files are widely used on the Internet, and the majority of the questions we answer are presented in FAQ documents in this help section.

 

Who can I contact for more answers?

If after all this, you are still having difficulties finding an answer to your problem or some part of the website just doesn't make sense to you, please let us know. You can ask questions directly by sending an e-mail to faq@ecgegypt.net. Please include an e-mail address and phone number in the text of your e-mail to ensure that you receive a response.

 

GENERAL QUESTIONS

ECGE covers the following commercial and non-commercial risks:
  • Bankruptcy or forced liquidation of the importer.
  • Failure of the importer to effect payment to the exporter despite the latter having met all his obligations.
  • Refusal or abstention of the importer to receive the shipping documents of the shipped goods in spite of the exporter's fulfilment of all his obligations towards the importer.
  • The cancellation of the import license by the authorities of the importer's state or its suspension, non-renewal, or their refusal to allow the goods into the state.
  • Seizure by the importer's state of the shipped goods or their detainment or confiscation.
  • Prevention, whether directly or indirectly, by the authorities of the importer's state or by the state through which payment shall be made, of the exporter obtaining his dues from the importer on the due date.
  • Taking any measures by the authorities of the importer's state against the importer that would result in failure or prevention of importer from paying his dues to the exporter such as, expropriation and nationalization.
  • Taking measures, whether based on a law, a decree, a regulation, or a decision that would fundamentally impede the ability to transfer the value of the shipped goods into the payment currency. These measures include refusing or delaying the approval of the transfer.
  • Wars and civil disturbances that would have directly lead to the importer's failure or delay in paying the amounts due to the exporter.
 
ECGE provides Credit Insurance coverage in 95% of the world countries.
  • Credit Insurance covers the risk of non-payment of the value of the goods.
  • While other kinds of insurance policies cover the risk of the damage that could occur to the goods.
  • Protect domestic producers from the risk of non payment of the values of their goods from the local buyers.
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