Country information

EKF’s risk assessment when exporting to Cyprus


Country risk classification

The risk classification reflects the risk that a buyer cannot pay due to political risks in the country. The higher the figure, the higher the risk.
 

 

 

EKF's cover policy

 

Credit period
/Buyer
Guarantees without credit period Up to 1 year 1-5 years More than 5 years
Public buyer Cover of public-sector buyers is subject to sovereign guarantee, i.e. a guarantee from the Ministry of Finance
Private buyer EKF accepts strong buyers only with a credit rating equivalent to BBB-. EKF accepts very strong buyers only with a credit rating equivalent to A-.
Bank EKF accepts creditworthy banks.

Financing through bills of exchange: Not considered - Contact EKF

Guarantees in local currency: Approved
 
Off cover for transactions in the Turkish part of Cyprus.

 


General assumptions for EKF's risk assessments
This information constitutes EKF’s guideline country cover policy at publishing date. The policy is not binding for EKF regarding specific applications for export credit guarantees. Before any commitment is made based on the country cover policy, we recommend contacting EKF for further advice.

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Lynge Gørtz Smestad

For more information on the country

Contact EKF’s country and bank analyst:
Lynge Gørtz Smestad
+45 35 46 27 11

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