Press Releases and News

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.

SACE has € 300 million’s worth of new operations in the pipeline for Brazil and with an exposure of € 1.3 billion, the country became the fifth largest market in the company’s portfolio. The best opportunities for Italian companies will come from mechanical engineering and construction sectors where SACE is currently concentrate its activities.

SACE has guaranteed a € 60 million loan granted by Crédit Agricole and Banco Bilbao Vizcaya Argentaria to Italian company Astaldi for the execution of contracts and the support of its investments in concessions sector abroad, particularly in Turkey.