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mBank and KUKE will jointly finance domestic investments of Polish exporters

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mBank signed an agreement with KUKE, thanks to which the bank’s offer will be enriched with loans for exporters to strengthen their production potential and using payment insurance guarantees. They secure the bank up to 80 percent. financing granted for the investment carried out in Poland.

– Cooperation with KUKE allows our customers to develop. Guarantees allow us to reduce the risk, thanks to which we can grant more loans – 
– Thanks to this, customers will be able to increase investments and expand the base of foreign contractors. This is crucial during a slowdown in the economy and global trade. Historical experience shows that Polish entrepreneurs find themselves very well in difficult times.
Adam Pers, vice-president of mBank.

Investment financing repayment guarantees for exporters are an important element of KUKE’s comprehensive export support system consisting of innovative instruments offered only by a few export credit agencies in the world. Some solutions, such as guarantees for investment or working capital financing, support exporters through bank credit instruments. Other tools most often used by exporters include guarantees of repayment of liabilities to suppliers, which are useful in looking for new sources of supply, as well as guarantees of financing the supply chain, helping, among others, obtain additional liquidity from banks and factoring companies.

– Market uncertainty intensified first by the pandemic and then by the war in Ukraine makes it difficult for entrepreneurs to make investment decisions and discourages financial institutions from lending them. Our new set of instruments, responding to both the challenges of banks and exporters, appeared at the right time. Thanks to it, last year companies obtained several billion zlotys of additional loans. We are glad that mBank, which is one of the leaders on the trade finance market, has joined the group of banks offering them. It is worth taking advantage of the current downturn in the global economy to make investments that will help to increase the scale of international expansion in the future. By providing real and attractive support, this solution may also encourage foreign companies to move production to Poland, e.g.

The guarantee can be used by companies that are already exporters or plan to operate on international markets. This means that the project should be implemented by a company whose total revenues from export sales in selected three of the last five annual reporting periods before the guarantee is granted is not less than 20 percent. revenues from the same selected periods or the investment within three years after completion will generate a minimum of 20 percent. export sales revenue. The guarantee may also cover the financing of an already ongoing investment, which will allow the exporter to increase his creditworthiness at mBank. The guarantee can cover up to 80 percent. credit, the amount of which may not be lower than PLN 5 million.

KUKE instruments build greater financial capacity of the enterprise and have a positive impact on its relations with financing banks and contractors, which enables a significant increase in the scale of operations. KUKE’s offer has already been used by many companies from various sectors, from the automotive and steel industries, through the food and chemical industries, to the shipbuilding industry.

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hitesh nikam

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