Serbian Export Credit and Insurance Agency (AOFI)
Last updated on 25 Feb 2024

Key facts


A government agency that aims to create strategic improvement of business operation conditions for the export economy and overall promotion of the structure of exports of the Republic of Serbia.

5, Ljuba Stojanovic Street
31000 Uzice
Serbia

+381 31 511 940

www.aofi.rs
PUBLIC
2005
Credit rating (sovereign) (S&P)
BB+
BB+
Foreign currency
Local currency

Berne Union

Country trade data


2021 top export sectors

Machinery/electrical
22%
Metals
13%
Vegetable products
11%
Plastic or rubber
10%
Food products
8%

2022 export destinations

Europe

88 %

Asia

9 %

Americas

2 %

Africa

1 %

Financing modalities


`
Up to 100%
`

Products


  • Covers foreign receivables of Serbian companies
  • Credit term: Up to 180 days
  • Short-term financing based on receivables for invoiced and delivered goods
  • Advance payment of up to 90% of the nominal receivables value covered
  • Remaining 10% payable to exporter after the buyer makes last payment
  • Eligible companies must have exported over EUR 300,000 in the preceding year
  • Guarantees of up to EUR 2,000,000
  • Commission from 0.25% to 0.50% on covered amount
  • Single application processing fee: 0.5–1.0% on the covered amount
  • Eligible companies must have exported over EUR 300,000 in the preceding year
  • Loan size: From EUR 30,000 to EUR 2,000,000, or the equivalent in RSD
  • Repayment period: From 6 months to 1 year
  • Single application processing fee: 0.7% of the total loan amount
  • 51% or more of the value of goods being exported to be of Serbian origin
  • Co-financing with the client’s commercial bank
  • Refinancing through the client’s commercial bank
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