Press Releases and News

SACE has guaranteed a USD 57.8 million loan granted to Coeclerici Group to finance the investment in four new offshore floating transfer stations for moving coal in Borneo, Indonesia.

Today the Board of Directors of SACE examined the quarterly report and accounts at 30 September 2012, which show a significant improvement compared to a year ago. SACE closed the first nine months of 2012 with a net profit of € 214.2 million (+82,6%) and insured € 7,2 billion of new transactions (+18,4%).

SACE has guaranteed a € 1 million loan issued by Cariparma Crédit Agricole to Ciro Paone - Kiton. The credit line will support the international development of the company by allowing the enhancement of its production system and the growth of its retail chain.

Cassa Depositi e Prestiti (CDP), SACE and BNL-BNP Paribas have granted to Ghella a €42 million term credit facility for the development of its international business. The six year credit facility consists of a €30 million tranche from CDP, entirely backed by SACE, and a €12 million tranche from BNL. The CDP-SACE tranche is the first "internationalisation" transaction within the Export Banca system.

SACE’s Board of Directors examined today the first half results at 30 June 2012, which were in positive territory and aligned with the objectives of the industrial plan. Net income is € 124.8 million (+7%) and the portfolio of transactions insured amounted to € 34,4 billion, an increase of 10% compared to a year ago.