Ownership
Government: 100%
Type of Institution
Export Credit Agency
Total Assets
US$2.088 million
    (as of June 30, 2007)
Total Revenue
US$47.6 million
    (as of June 30, 2007)
Branch Network
none
Employees
Total Employees: 65
Website
http://www.efic.gov.au

Brief Profile of the Bank

The Export Finance and Insurance Corporation (EFIC) is Australia's Official Export Credit Agency. EFIC was established in its current form on 1 November 1991 under the Export Finance and Insurance Corporation Act 1991 as a statutory corporation wholly owned by the Commonwealth of Australia. Prior to that, EFIC had carried out its role within other statutory frameworks, first establishing operations in 1956. EFIC is a specialized financial services organization supporting Australian businesses exporting and investing overseas by providing finance, finance guarantees, insurance and bonding facilities. As well as working directly with exporters and investors, EFIC work closely with commercial financiers to support these exporters and investors.

Products and Services Offered

Export Finance Facilities
Direct Loan
Export Finance Guarantee
Documentary Credit Guarantee
Documentary Credit Finance
Bonds
US Bonding Line
EFIC Headway
Insurance Facilities