Haitong Bank's Branch in Poland can now use hedging instruments offered by KUKE, Poland's export credit agency, when granting loans to Polish exporters for investments in the development of domestic production potential.
Thanks to the agreement signed between both institutions, the insurer will provide a repayment guarantee of up to 80% of the investment credit value extended by the Bank to its clients who conduct or are planning export activities.
Mr. Janusz Władyczak, a CEO of KUKE, said that thanks to cooperation with Haitong Bank, more entrepreneurs will become familiar with KUKE's solutions that increase the security of exports and foreign investments, especially outside Europe. "Together, we encourage Polish businesses to be more active abroad, and at the same time mobilize them to invest also in the local market. In both cases, the issue of financing plays an important role. Together, we can provide funds on favorable terms, which we supplement with insurance and guarantee instruments", Mr. Janusz Władyczak stated.
Mr. Ryszard Hermanowski, a Managing Director of Haitong Bank, noted that most of the Bank’s clients were companies focused on the development of investment in foreign markets. He noted that "together with KUKE, the Bank will be able to offer them attractive financing solutions to support company's investment plans and growth". The Haitong Bank Warsaw Branch is "happy to support Polish exporters, and will now be able to do it on an even larger scale".
To learn more about this cooperation, please reach out to the Bank’s Warsaw Team.
