Administrating institution: Bank Gospodarstwa Krajowego, BGK

On 28 July 2009 the Council of Ministers adopted the governmental programme “Financial Export Support” (lastly amended on 1 December 2023).

On the basis of the programme, BGK grants credits to:

• foreign importers (directly or through the importer's bank) to finance purchases of Polish goods and services; the credit funds are disbursed directly to the Polish exporters; foreign buyers repay the credits after the completion of the deliveries or services,
• Polish exporters for the realization of export contracts.

Additionally, BGK administers interest rate stabilization mechanism (mutual settlements between BGK and the bank that granted the export credit at a fixed CIRR interest rate).

Financing under the programme is insured or guaranteed by KUKE S.A.

The programme includes the following instruments for Polish export financing:

1. Medium- and long-term financing (repayment period of two years and more):
   • buyer's credit insured by KUKE S.A. granted within limits set for individual borrowers,
   • buyer's credit insured by KUKE S.A. granted on the basis of  an individual assessment of the borrower,
   • co-financing by BGK buyer's credit insured by KUKE S.A. within banks' consortium,
   • refinancing of  medium- and long-term supplier's credit insured by KUKE S.A.,
   • export credits interest rate stabilization mechanism.
2. Short-term financing:
   • post-financing documentary letters of credit,
   • discounting receivables from documentary letters of credit,
   • confirming documentary letters of credit with guarantee issued by KUKE S.A.,
   • refinancing of short-term supplier's credit insured by KUKE S.A.,
   • payment guarantees on the basis of counter-guarantees issued by foreign banks (security of payment to the exporter of goods and services by the importer).
     
     ​​​​The products offered in short-term financing are applicable to the documentary letters of credit opened by the banks registered in the countries of non-marketable risk.
3. Exporter financing related to the execution of export contracts:
   • credit provided by BGK to cover payments related to the preparation for the execution of export contract (credit can be used for general working capital financing or to export contract pre-financing),
   • credit provided by BGK for financing of export development granted to borrowers for financing of investments which generate exports.