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Oesterreichische Kontrollbank AG - more than an Export Credit Agency
Ferdinand Schipfer
Belgrade, 19 March 2013
strong economy at the heart of Europe
many flexible SMEs with cutting edge technologies
diversified and vibrant foreign trade community
popular central headquarters location
Vienna Airport - the leading hub to / from CEE
decent foreign trade-support facilities offered mainly by
ADVANTAGE AUSTRIA (AWO / WKO)
Austrian Gvt. and OeKB group of companies
appealing business partner Austria
2
established in 1946
activities services for the Austrian foreign trade community (largely on Gvt.’s account) and the Austrian capital market
total equity EUR 600 mn (12/11)
total assets EUR 38 bn (12/11)
staff approx. 400
owners private credit institutions
Oesterreichische Kontrollbank AG
3
insurance/guarantees a n d financing --> one stop shop: almost unique in continental Europe
total guarantees outstanding: approx. EUR 35 bn (12/2012)
total financing volume: approx. EUR 25 bn (12/2012)
OeKB-funding based on Aaa-Rating (Moody‘s) and AA+ (S&P) respectively
OeKB as quasi-sovereign issuer
OeKB architecture
4
1. export credit or investment insurance a n d
2. financing (indirect, it is via banks) o f
short and medium/long term supply contracts and export credits
Austrian foreign direct investments
tangible production a n d services (except nuclear and defence)
pre-shipment a n d credit period
sovereign and sub-sovereign buyers/guarantors, transactions backed by banks, corporate risk business, project financing
purely Austrian projects a n d multi-sourcing deals
bonds and counter guarantees ...
Wide range of instruments
5
29%
40%
13%
9%
4% 4% 1%
Asia
CEE countries
turnover guarantees
Turkey
Africa
Latin America
other countries
Export and investment guarantee portfolio by regions – 12/2012
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Export guarantee portfolio by industrial sectors – 12/2012
22%
22%
11% 7%
7%
7%
3%
2% 1% 12%
8%
metal and metallurgy
energy and electrical industry
traffic, transport, vehicles
water and environment
construction industry
pulp and paper industry
chemical and plastic industry
telecommunication
agriculture and food
other goods and services
ohter machinery
7
OECD – Country risk classification (March 2013)
(regularly updated at http://www.oekb.at)
8
CATEGORY
RISK
1 2 3 4 5 6 7
0
Chile
China Saudi Arabia UAE
Algeria Brazil India
Indonesia Mexico
Morocco Russia
South Africa Thailand Uruguay
Angola Azerbaijan
Croatia Egypt Jordan
Kazakhstan Macedonia
Nigeria Vietnam
Argentina Belarus Bosnia-
Herzegovina Iran Iraq
Kosovo Kyrgyzstan
Libya Moldova Pakistan
Syria Tajikistan Ukraine
Venezuela
Albania Armenia Georgia
Montenegro Serbia
Turkmenistan Uzbekistan
Bulgaria Columbia
Philippines Rumania Tunisia Turkey
Hongkong Taiwan
Germany Hungary
Korea Rep. Poland
Slovenia USA
financing provided indirectly via commercial banks (“refinancing”; OeKB does n o t act as direct lender)
financing in EUR or in foreign currencies
floating EURIBOR based or on largely fixed rates
for current interest rates please visit:
http://www.oekb.at/en/export-services/Financing/interest-rates/Pages/default.aspx
OeKB’s financing scheme
9
bilateral trade in 2012 EUR 800 mn; Austria investor Nr. 1
OeKB’s portfolio (export credits, FDI) over EUR 500 mn
FDI-support dominating (telecom, finance, building material..)
(disappointingly) few capital equipment transactions
(concessional) Paris Club rescheduling agreement honoured in time
good overall payment experience
unrestricted cover policy
Business partner Serbia
10
historically strong family and cultural ties to Central Eastern Europe
Austrian politics, industry, credit institutions and other service providers committed to region on a long term basis
Austria (among) leading investor(-s) in lots of countries
Austria as a gateway to the EU
Austria and CEE
11
Some more reasons to do business with Austria
12
Contact
Ferdinand Schipfer
Tel. +43-1-531 27 2610
Fax +43-1-531 27 4610
ferdinand.schipfer@oekb.at
www.oekb.at
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