Banco de Inversión y Comercio Exterior (BICE)
Last updated on 14 Feb 2024

Key facts


Argentinian development bank and export credit agency offering medium and long-term financing.

Bartolomé Mitre 836
C1036 AAP
Buenos Aires
Argentina

+54 0800-444-2423

www.bice.com.ar
PUBLIC
1991
Credit rating (sovereign) (S&P)
CCC-
CCC-
Foreign currency
Local currency

Authorizations (export finance) and country trade data


2021 top export sectors

Vegetable products
33%
Food products
15%
Transportation
8%
Animal products
8%
Fuels
5%

2021 export destinations

Americas

41 %

Asia

35 %

Europe

17 %

Africa

6 %

Oceania

1 %

Products


  • Direct loans of up to USD 10 million
  • Loans are made in USD
  • Repayment tenor of up to 1 year
  • Coverage:
    • 80% of the amount of the outstanding commercial risk
    • 90% of the amount of the outstanding political risk
  • Direct loans of up to 100% of incoterms value
  • Loans are made in any currency traded in Argentina
  • Amounts financed:
    • Industrial equipment, agricultural exports, other capital goods, and services: Between USD 200,000 and USD 6 million
    • Industrial plants and lump sum turnkey projects: Between USD 200,000 and USD 10 million
  • Repayment tenor of between 1 and 10 years
  • Interest rates equal to 6-month LIBOR plus a risk margin
  • Direct loans to buyers of agricultural equipment
  • Facilities of up to 4 years and USD 20 million for Argentinian companies leasing agricultural equipment made in Argentina
  • Factoring services to SMEs, and a variety of trust services
  • Renewable energy project financing
  • Investment financing programs
  • Working capital financing
  • Direct loans for SMEs and special programs for SMEs led by women
  • Renewable energy investment projecs
  • Regional development initiatives

News


  • 2023: In 1H2023, BICE disbursed ARS 50 billion in total, an increase of over 40% in comparison with 2022
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