How can Credit Insurance help non-banking Financial Institutions to grow more safely & enhance profitability?
On March, 9th 2020, in Cairo, Egypt, Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ, The German International Cooperation in Egypt) and Export Credit Guarantee Company of Egypt (EGE) organized a round table addressing how credit insurance can help the non-banking financial institutions to grow more safely & enhance their profitability?
The Roundtable focused on the advantages of the cooperation between EGE & other non-banking financial institutions by introducing EGE’s newly designed credit insurance service in full detail along with highlighting its benefits as follows:
- Enhancing portfolio rating for securitization purposes.
- Acquiring finance with only 10% recourse.
- Ability to reduce the cost of finance.
The event exclusively targeted top-level management of leading non-banking financial institutions aiming to obtain feedback in order to properly shape the newly designed products and to deliver a service that caters to market needs.