Izvozno Kreditna Agencija BiH (IGA)
Last updated on 14 Feb 2024
Key facts
Independent state agency that provides export support for Bosnian companies.
PUBLIC
1996
Credit rating (sovereign) (S&P)
B
B
Foreign currency
Local currency
Country trade data
2021 top export sectors
Metals
22%
Machinery/electrical
14%
Wood products
10%
Fuels
9%
Chemical
7%
2021 export destinations
Financing modalities
`
≤90%
≤90%
`
100%
`
Products
- Covers commercial risk of non-payment, financial deterioration, or bankruptcy of an international buyer
- Premium is calculated and paid monthly on generated sales; if no sales occur within a month, no premium is due
- A list of insured countries is available on its website
- Provides discounted funds to Bosnian exporters
- Payment terms of up to 120 days
- Advance payment of receivables discounted at 80%–90% of invoice face value
- Guarantees to foreign buyers, and to support domestic construction, catering, and commercial companies in international tenders, including bonding for large contracts
- Guarantee modalities:
- Tender (bid), advance payment, retention, and performance bonds
- Bank guarantee for export-based finance
- Guarantee to Bosnian exporters to purchase raw materials and production equipment from overseas
- Fees:
- Duration and credit rating of counterparty dictate pricing
- Fees paid after guarantee is approved
- The agency also provides credit reporting services
Policies
- IGA has co-financing agreements with ECAs from Bulgaria, Croatia, India, Italy, , Romania, Serbia, and Slovenia
