Financials
SACE
-
21 May 2015
First quarter results: net profit € 100 million (+ 39%)
The Board of Directors of SACE S.p.A. examined the interim report for the first quarter ended 31 March 2015.
The following are the highlights of the report:
- net profit € 100.1 million, 38.8% more than the first quarter of 2014
- gross premiums € 56.3 million (+ 4,8%)
- claims € 68.6 million, down 17.5%.
Shareholder’s equity at 31 March 2015 was € 4 billion, with a reduction of 14.4% due to the return of € 799 million to the shareholder in execution of the capital reduction resolved last December.
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Agreements
SACE -
25 November 2025
SACE, Italy’s Export Credit Agency, wholly owned by the Ministry of Economy and Finance, has signed a reinsurance agreement with the Saudi Export-Import Bank (Saudi EXIM), further consolidating the long-standing cooperation between the two institutions.
Agreements
SACE -
25 November 2025
SACE, Italy’s Export Credit Agency, wholly owned by the Ministry of Economy and Finance, announced the finalization of a USD 1 billion Push Strategy initiative with Saudi Electricity Company (SEC), the primary source of electricity in Saudi Arabia and the leader in electricity production, transmission and distribution in the Middle East and North Africa
Deals & Products
SACE -
22 July 2025
CDP and SACE will foster the strengthening of trade relations between the two countries through business promotion and business matching activities for Italian companies