Export Credit Guarantee Co. of Egypt

Export Credit Guarantee of Egypt (EGE) was established in 1992 with a presidential decree issued by the president of Egypt & approved by the Peoples Assembly. EGEs mandatory role is to facilitate a healthy development of Egypts foreign trade, as well as supporting the development of the private sector. EGE acts as the official ECA of Egypt & is a full member at Berne Union Since 2004. The government of Egypt provides EGE with unlimited access to an additional hybrid capital in the form of subordinated Export Development Bonds to be issued by EGE upon need and is fully subscribed by the National Investment Bank (The Sovereign Fund of Egypt). The bonds does not have a specific maturity date & extends until the end of the life of the company. EGE has currently an outstanding Export Development Bonds of EGP 50 million which forms part of its capital base. Shareholding Structure Export Development Bank of Egypt (EBE) : 70% National Investment Bank (State Investment): 21% Misr Ins...