SECTION 4

66

BERNE UNION: INVESTMENT INSURANCE

Berne Union_INVBerne Union Statistics

INV New Business - insured during each year INV Exposure - at year end

Investment insurance data for 2010 cannot readily be compared with previous year’s data due to a new classification of this business.

Russia 25,248

China 15,846

Kazakhstan 14,132

Turkey 10,559

United States 7,089

Egypt 6,623

Brazil 6,389

Saudi Arabia 6,261

India 6,208

Indonesia 5,470

Other 82,784

INV Exposure 2010: Top 10 Countries

Kazakhstan 7,937

Russia 6,375

China 4,006

Spain 3,674

Egypt 2,772

Papua New Guinea 2,635

Indonesia 2,519

Libya 2,475

Turkey 2,298

India 2,298

Other 28,851

INV New Business 2010: Top 10 Countries

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

02007 2008 2009 20102006 2007 2008 2009 20102006

200,000

180,000

160,000

140,000

120,000

100,000

80,000

60,000

40,000

20,000

0

USD million

USD million

SECTION 5

72

Presidents and Vice-Presidents SINCE 1934

Secretary Generals

1934

1935

1936

1937

1938

1939

1946/50

1950/51

1951/52

1952/53

1953/54

1954/55

1955/56

1956/57

1957/58

1958/59

1959/60

1960/61

1961/62

1962/63

1963/64

1964/65

1965/66

1966/67

1967/68

1968/69

1969/70

1970/71

1971/72

1972/73

1973/74

1974/75

1975

1975/76

1976/77

1977/78

Mr. J. Merlin

Mr. F. Nixon

Prof. B. De Mori

Mr. E. de Duo

Mr. J. Merlin

Mr. F. Nixon

Mr. J. Merlin

Mr. H. Somerville‑Smith

Mr. E. de Duo

Mr. B.R. Frick

Mr. B.R. Frick

Prof. B. De Mori

Prof. B. De Mori

Prof. B. De Mori

Mr. J. Levy

Mr. J. Levy

Mr. H.T. Aitken

Sir Laurence Menzies

Mr. A. Thomas

Mr. A. Thomas

Mr. G.D. Cohen Tervaert

Mr. G.D. Cohen Tervaert

Mr. J. Aaroy

Sir Anthony Percival

Sir Anthony Percival

Mr. G. Schröder

Mr. G. Schröder

Mr. S.E. Phillips

Mr. S.E. Phillips

Dr. H.H. Haschek

Dr. H.H. Haschek

Mr. R. Fell

Mr. G.A. Hawley

Mr. Axel Wallén

Mr. Axel Wallén

Mr. Manuel Varela

(SFAFC)

(ECGD)

(SIAC)

(CESCC)

(SFAC)

(ECGD)

(SFAFC)

(ECGD)

(CESCC)

(EKN)

(EKN)

(SIAC)

(SIAC)

(SIAC)

(COFACE)

(COFACE)

(ECIC)

(ECGD)

(OND)

(OND)

(NCM)

(NCM)

(GIEK)

(ECGD)

(ECGD)

(HERMES)

(HERMES)

(TIC)

(TIC)

(OKB)

(OKB)

(ECGD)

(EFIC)

(EKN)

(EKN)

(CESCE)

Mr. H.T. Aitken

Mr. H.T. Aitken

Mr. H.T. Aitken

Mr. C.P.H. Groenendaal

Mr. A. Thomas

Mr. H. Brunner

Mr. H. Brunner

Mr. E. de Duo

Mr. R.H. Rowntree

Mr. A. Zipstein

Mr. K.G. Ronn

Mr. H.T. Aitken

Dr. H.H Haschek

Mr. P.G. Wennersten

Mr. M. de Klerk

Mr. H. Brunner

Mr. J. Aaroy

Mr. R. Fell

Mr. G.A. Hawley

Mr. J. Laurent

Mr. Delio Gianturco

Mr. Pekka Lahdensuu

(ECIC)

(ECIC)

(ECICS)

(NCM)

(OND)

(GERG)

(GERG)

(CESCC)

(EXIMBANK)

(IFTRIC)

(EKR)

(ECIC)

(OKB)

(EKN)

(CGIC)

(GERG)

(GIEK)

(ECGD)

(EFIC)

(OND)

(EXIMBANK)

(FGB)

Before 1957

1957 - 1974

1974 - 1986

1986 - 1992

1992 - 1998

1998 - 2001

2001 -

Mr. G. Godley

Mr. W. Houwalt

Mr. Donald Ward

Mr. Derek Hill

Mr. Malcolm Stephens CB

Mr. Anne van’t Veer

Ms. Kimberly Wiehl

Berne Union Past & Present

YEAR SECRETARY GENERAL

YEAR PRESIDENT VICE-PRESIDENT

SECTION 6 Directory • Berne Union

93

EKFEksport Kredit Fonden

DENMARK

EKNExportkreditnämnden

General Information

Contact: Box 3064, SE-103 61 Stockholm, Sweden

Tel: +46 8 788 00 00

Fax: +46 8 411 81 49

Website: www.ekn.se

Senior Management

Karin Apelman, Director General

Anne Abrahamson, Deputy Director General

Helén Seemann, Director, Large Corporates

Gert Eriksson, Director, Small and Medium sized Enterprises

Stefan Karlsson, Director, Risk Advisory & CSR

Patrick Nimander, Director, Finance

Kerstin Bjellerup, Director, Compliance

Contact Person

Saila Turunen, Head of International Relations

Founded: 1933

Ownership: 100% state-owned governmental agency

Major Facilities:

Export Credit Insurance:

• Cover for commercial and political risks.

• Short-term pre-shipment and credit cover.

• Medium/long-term pre-shipment cover and supplier and buyer

credit facilities.

Project Finance:

• Project finance transactions underwritten within EKN’s normal

guarantee facility.

Bonds and Guarantees:

• Cover for exporter against unfair calling.

• Counter guarantee for issuer of bond against exporter risk.

• Guarantee for confirmed L/C.

Investment Insurance:

• Conversion and transfer cover, war and civil war cover,

expropriation/confiscation cover.

Other Products:

• Bill of Exchange Guarantee

• Working Capital Guarantee

Corporate Description:

EKN supports Swedish exports and the internationalisation of

Swedish business. We do this by offering exporting companies

and banks guarantees for payment and financing.

SWEDEN

General Information

Contact: Dahlerup Pakhus, Langelinie Allé 17, DK-2100

Copenhagen Ø, Denmark

Tel: +45 35 46 61 00

Fax: +45 35 46 61 11

Email: ekf@ekf.dk

Website: www.ekf.dk

Senior Management

Bent Pedersen, Chairman of the Board

Anette Eberhard, CEO

Jan Vassard, Deputy CEO

Morten Karnøe, Deputy CEO

Erling Frandsen, Senior Director, Large Corporates

Mogens Agger Tang, Director, Communication

Contact Person

Mariane Søndergaard-Jensen, Director, International Relations

Email: msj@ekf.dk

Founded: 1996

Ownership: 100% state-owned agency with the Danish Ministry

of Economic and Business Affairs as the guardian authority

Major Facilities

Export Credit Insurance: Political and commercial risk cover via

supplier and buyer credit facilities, lines of credit and shopping

lines.

Project Finance: Special project finance facility.

Investment Guarantees: Insurance facility for emerging

markets.

Bond and Guarantees: Cover against unfair calling.

Climate Guarantees: Special insurance facility for

climaterelated business.

Corporate Description

EKF is the official Danish Export Credit Agency. It is an

independent entity under the Danish Ministry of Economic and

Business Affairs. EKF offers insurance cover for companies –

national or foreign – that take risks on exports and investments

containing a Danish economic interest. Goods, capital goods,

turn-key projects, services and investments are covered by the

guarantees. EKF offers both political and commercial risk cover.

SECTION 6 Directory • Berne Union

94

EXIM JNational Export Import Bank of Jamaica Limited

JAMAICA

EXIMBANKA SRExport- Import Bank of the Slovak Republic

General Information

Contact: Grösslingova 1, 813 50 Bratislava, Slovak Republic

Tel: +421 2 59398 408

Fax: +421 2 52931 624

Email: info@eximbanka.sk & gavornikova@eximbanka.sk

Website: www.eximbanka.sk

Senior Management

Mario Schrenkel, Chairman of the Bank Board and CEO

Jozef Gašparík, Member of the Bank Board and Deputy CEO

Ľubomír Kudroň, Member of the Bank Board and Deputy CEO

Daniel Jóna, Member of the Bank Board and Deputy CEO

Ladislav Vaškovič, Member of the Bank Board

Contact Persons

Denisa Petríková, Director of International Relation Department

Email: petrikova@eximbanka.sk; Tel: +421 2 59398318

Silvia Gavorníková, International Relations Department

Email: gavornikova@eximbanka.sk; Tel: +421 2 59398408

Founded: 1997

Ownership: 100% sovereign

Major Facilities

Insurance Products: ST cover against commercial and political

risks: export and domestic receivables.

Insurance of export guarantees, production risk, confirmed

irrevocable LCs.

Insurance of MLT export credits – suppliers’, buyers’ credit.

Insurance of foreign investments.

Insurance of pre-export financing.

Banking Products: Direct loans; bills of exchange and promissory

notes-based loans; discounting of exporters’ short-term accounts

receivables; refinancing loans; guarantees and bonds

Corporate Description

Export-Import Bank of the Slovak Republic is the official Export

Credit Agency of Slovakia established by the Act No. 80/1997

Coll. as amended. Its main goal is to increase the competitiveness

of Slovak exporters at the international market via providing a

wide range of export credit and investment insurance, insurance

and other related financial services.

SLOVAK REPUBLIC

General Information

Contact: 11 Oxford Road, Kingston 5, Jamaica

Tel: +1 876 960 9690

Fax: +1 876 960 9115 / 876 960 5956

Email: info@eximbankja.com

Website: www.eximbankja.com

Senior Management

Gary Hendrickson, Chairman

Lisa Bell, Managing Director

Contact Persons

Audrey Morris, Chief Officer

Shernett Manning, Senior Administrative Officer

Founded: 1986

Ownership: 100% government of Jamaica

Major Facilities

Trade Credit Insurance: The bank provides the Jamaican

productive sector with ST insurance protection against non

payment by foreign and local buyers. The trade credit insurance

policy covers both commercial and political risks, to a maximum

of 85% and 90% respectively.

Export Financing: The bank offers ST working capital financing

to the exporting sector through pre and post-shipment facilities.

MT loan facilities are also offered to the tourism sector, a major

earner of foreign exchange, for facilities upgrading, and to the

exporting sector for retooling and upgrading.

Import Financing: Foreign currency loans are granted to

facilitate the procurement of imported raw material, equipment

and machinery for the productive sector.

Corporate Description

EXIM J is an independent public sector trade financing

institution, which provides trade credit insurance, ST foreign

currency financing through foreign lines of credit and a range

of ST and MT local currency financing programmes to the

productive sector, with emphasis on the exporting sector.

MEMBER OF THE

PRAGUE CLUB

SM

SECTION 6 Directory • Berne Union

99

MEXIMExport-Import Bank of Malaysia Berhad

MALAYSIA

General Information

Contact: Export-Import Bank of Malaysia Berhad Aras 1, Exim

Bank Jalan Sultan Ismail P.O.Box 13028 50250 Kuala Lumpur

Tel: +603 26012000

Fax: +603 26012463

Email: bumexim@exim.com.my

Website: www.exim.com.my

Senior Management

Mr Adissadikin bin Ali, Managing Director / CEO

Mr Badrul Hisham Mohd Salleh, Head of Risk Management

Division

Ms Norzilah bt Mohammed, Head of Credit & Asset

Management Division

Ms Norlela Sulaiman, Chief Financial Officer Office

Contact Person

Ms Lee Kim Tuan, Manager, Global Advisory & Research

Department

Founded: 1977 (MECIB)

Ownership: 100% owned by the Ministry of Finance

Major Facilities

Export Credit Insurance: Export Credit Insurance Short Term

(up to one-year) cover: commercial and political risks; pre-shipment

cover; credit and domestic cover. Medium/Long Term (over one-year):

supplier and buyer credit facilities; line of credit.

Project Finance: Special project finance facility.

Investment Insurance: Cover: conversion/transfer cover; war and

civil disturbance; expropriation/confiscation; breach of contract by

host government.

Bonds and Guarantees: Cover: conversion/transfer cover; war and

civil disturbance; expropriation/confiscation; breach of contract by

host government.

Corporate Description

Eximbank of Malaysia provides insurance, guarantee and

financing facilities to Malaysian exporters and investors as well

as foreign buyers of Malaysian products and services. Eximbank

of Malaysia has various financing programmes providing short-to

long-term credit to help promote Malaysian exports.

MEHIBHungarian Export Credit Insurance Pte Ltd

HUNGARY

General Information

Contact: Nagymezö utca 46-48, H-1065 Budapest, Hungary

Tel: +361 374 9200

Fax: +361 269 1198

E-mail: info@mehib.hu

Website: www.mehib.hu

Senior Management

Gábor Roncz, CEO

Orslya Szabó, Director

Csaba Simon, Director

Contact Persons

Bernadett Széplaki Kiss, Head of International Co-ordination

Department

Ilona Faludi, International Coordinator

Founded: 1994

Ownership: Hungarian State 25 %, Hungarian Development

Bank 75 %

Major Facilities

Export Credit Insurance: Short-term insurance; policy with

cover for commercial and political risks including pre-shipment

credit period. Cover for purchased debts.

Medium and long-term insurance; political and commercial risks;

pre-shipment and credit period; bond insurance, supplier credit,

buyer credit; lease transactions.

Investment Insurance: Cover also for investments abroad

against political risks.

Corporate Description

The Hungarian Export Credit Insurance Pte Ltd (MEHIB) was

established in 1994. The owner’s rights are exercised on behalf

of the Hungarian State directly by the Hungarian State Holding

Company (25 %) and indirectly by the Hungarian Development

Bank Ltd (75%) as a shareholder. The paid-in capital of the

company is HUF 4.25 billion. Its business operations are

conducted on the basis of the severally amended Act XLII of

1994 and of Government Decree 312/2001 (XII. 28.) as well as

on the basis of the Act on insurance. MEHIB’s aim is to share the

financial risks of export transactions, to encourage and promote

the external economic relations with special emphasis on the

exports of Hungarian goods and services, on strengthening the

external competitiveness of exporters and on facilitating the

credit availability for the exporters.

MEMBER OF THE

PRAGUE CLUB

SECTION 6 Directory • Berne Union

107

THAI EXIMBANKExport-Import Bank of Thailand

THAILAND

TURK EXIMBANKExport Credit Bank of Turkey

General Information

Contact: Müdafaa Cad 20, Bakanlıklar 06100 Ankara, Turkey

Tel: + 90 312 417 1300 / 417 3287

Fax: + 90 312 425 7896 / 425 7547

Email: aarkan@eximbank.gov.tr

Website: www.eximbank.gov.tr

Senior Management

Hayrettin Kaplan, General Manager

Alev Arkan, Deputy General Manager

Contact Person

Alev Arkan

Founded: 1987

Ownership: 100% owned by the Treasury of the Republic of

Turkey

Major Facilities

Export Credit Insurance: Short term (up to one year) cover:

commercial and political risks; pre- and post shipment cover.

Medium and long term (over one year) cover: commercial and

political risks; pre- and post shipment cover.

Project Loans: Project loans extended to various countries

for capital goods exports and turn-key contracts of Turkish

companies.

Domestic Investment Loans for export-oriented projects

Export Finance: As direct lender; pre-shipment finance; working

capital facility, various special-purpose facilities and foreign

exchange earning services.

Bonds and Guarantees: Bonds/guarantees issued.

Unfair calling of bond insurance cover is available.

Corporate Description

Turk Eximbank was founded in 1987 by the restructuring of the

State Investment Bank (SIB).

Today, Turk Eximbank is the only official export credit agency of

Turkey, leading the country’s export drive. The Board members

and the CEO are appointed by the government.

The political risk losses that Turk Eximbank may incur under its

credit, guarantee and insurance programmes are compensated

by the government. Commercial risks are covered for Turk

Eximbank’s own account and both commercial and political

risks are partially reinsured concerning short term export credit

insurance business.

TURKEY

General Information

Contact: 1193 Exim Building, Phaholyothin Rd, Phayathai,

Bangkok, 10400 Thailand

Tel: +662 271 3700, +662 278 0047, +662 617 2111

Fax: +662 271 3629

Email: bun@exim.go.th

Website: www.exim.go.th

Senior Management

Kanit Sukonthaman, President

Warangkana Wongkhaluang, Executive Vice-President

Contact Persons

Jarupat Panitying, Vice-President, Export Credit Insurance

Department

Worawara Bunnag, Assistant Vice-President, Export Credit

Insurance Department

Apirat Sangthongtong, Assistant Vice-President, Export Credit

Insurance Department

Founded: 1993

Ownership: Royal Thai Government 100%

Major Facilities

Financial services similar to those offered by commercial

banks:

• Revolving credits for exports

• Negotiation of export bills

•Term loan for business expansion

Other specialised financial facilities to support Thai

exporters or investors investing abroad:

•Export credit insurance

- Short term (less than 180 days)

- Medium and Long term (up to 5 years)

- Investment insurance

•Merchant marine financing

• Financing facilities for overseas construction contracts

Corporate Description

Export-Import Bank of Thailand (THAI EXIMBANK) is a financial

institution wholly-owned by the Royal Thai Government under

the supervision of the Ministry of Finance. The bank’s main

objective is to serve the financial needs of Thai exporters, Thai

investments overseas, and other businesses earning or saving

foreign exchange. THAI EXIMBANK provides financial services

customary to commercial bank practices, except for accepting

deposits from the general public.

MEMBER OF THE

PRAGUE CLUB