The government’s export guarantees and avals (guarantees of bills of exchange) ease the risks for companies that export or that invest outside the country. OeKB is mandated by the Republic of Austria to offer and process the export guarantees.
Protection through export guarantees
With export guarantees, exporters are cushioned against the consequences of non-payment of their receivables: When buyers fail to pay for economic or political reasons, the vendor is protected. Similarly, in the case of investment projects abroad, investors are covered against political risks.
Access to OeKB's Export Financing Scheme
Austrian-government-backed export guarantees and avals also provide attractive access to financing for export and investment deals.
Transactions in Austria's interest
Such export backing by the government is available to all large, intermediate and small enterprises for transactions that increase the Austrian current account balance or that are in Austria’s interest.
For companies to find out what types of cover are best for specific export transactions and investment projects is as easy as contacting OeKB Export Services or their own bank.