Press Releases and News

Unicredit, SACE and IMR Automotive have announced the finalization of € 2 million in new financing earmarked to fund the expansion efforts of the Italian group specialized in the production of automotive components.The line of credit brings to € 5 million the total loans granted to IMR by UniCredit and guaranteed by SACE.

The Board of Directors of SACE approved over € 3 billion in commitments for export credit transactions and guarantees for investments abroad by Italian firms for a total of over € 5 billion.

According to SACE estimates, Italian exports to Vietnam could increase to € 1.4 billion in 2018 by satisfying the country's demand for industrial technologies and infrastructure and consumer goods. To sustain this potential, during Italy’s mission to Vietnam, SACE signed today a collaboration agreement with Vietinbank, the second-largest Vietnamese commercial bank

SACE is participating in a business mission promoted by the Ministry for Economic Development and Confindustria to Kazakhstan, where the Italian insurance-financial group is examining € 500 million in new projects and seeking to consolidate the positioning of Italian business in a diversified range of industrial sectors: infrastructure, mechanical technology, agro-food and textiles-apparel.

The Berne Union, the International Union of Credit & Investment Insurers, has appointed Michal Ron, Head of International Relations and Network at SACE, as its new Vice President