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January 10, 2005 -

ECEP awarded by KEIC for its contribution to development of Korean export insurance business

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This is the first time KEIC, the Korean Export Credit Agency awards an external institution.

This award demonstrates ECEP’s excellent performance in the Korean export finance market which enables BNP Paribas to maintain the largest market share of 31% among all commercial banks in KEIC-backed export credits since 2003.

In 2004, BNP Paribas successfully closed four buyer credits with KEIC, including 655 EUR million multisource export credits for 22CC Power Plant Project in Iran.

Indeed BNP Paribas has supported Korean exporters in various ways by providing credits and bonding facilities and has also pioneered export finance market together with KEIC.

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