SACE tops ECA table, as big-hitters see slowdown

(TXF News, 20 August 2015) In a development that might raise a few eyebrows in the export finance world, Italian export credit agency (ECA) SACE has topped the ECA export finance table* in the first half of the year – according to TXF’s H1 Export Finance Report. Knocking the previously-unassailable Japan Bank for International Cooperation (JBIC) off its perch, SACE supported export finance volumes worth $4.05 billion in the first half – a staggering 249% year-on-year increase. The Italian institution’s star performance was matched by strong showings from its European counterparts, and contrasted by heavy declines for the traditionally-dominant US and East-Asian ECAs.