none
none

ANZ and EFIC join forces to assist Aussie exporters

08-07-2010
by 
in 

 

ANZ and the Export Finance and Insurance Corporation (EFIC) have signed a Master Working Capital Guarantee Facility agreement to assist Australian exporters with financing requirements.

The agreement will support ANZ’s exporter clients with overseas contracts and/or investments and subsidiaries who require incremental finance to fill orders.

ANZ Global Head of Trade and Supply Chain Mark Evans said: “This working capital guarantee supports financing requirements before and after shipment across a wide range of industries covering both goods and certain services. 

“The guarantee facility will assist small-to-medium-sized businesses with their export finance needs and reflects ANZ’s commitment to connecting customers across multiple markets under the bank’s super-regional growth strategy.”

EFIC, which is Australia’s export credit agency, and ANZ enjoy a long history of supporting Australian exporters across all market segments.

EFIC’s Executive Director, SME, Andrea Govaert said: “One of the most difficult obstacles for fast-growing small-to-medium-sized exporters is finding the working capital to deliver on their international sales contracts. For example, they may be short of funds to hire more staff, buy raw materials, manufacture their product for export or send their goods or services to the buyer.

“Guarantees issued under the agreement with ANZ will give Australian exporters access to working capital to finance their large export contracts and keep expanding their businesses,” Ms Govaert said.

EFIC
Ph: 02 9201 2276
www.efic.gov.au

 

Related news & editorials

  1. 14.11.2017
    14.11.2017
    by      In
    Australia should be doing more to reach out into the world and build a global export brand. 
    That’s the conclusion of a major review by the Committee for Economic Development of Australia (CEDA) report, and its conclusions are supported by export data, and comments from Christopher Pyne. 
    The CEDA... Read More
  2. Manufacturing grows despite automotive closures
    01.11.2017
    01.11.2017
    by      In
    Australian manufacturing continued to grow in October, despite the closure of both the country’s remaining automotive assembly plants. The Ai Group’s Australian PMI came in at 51.1 for the month, a figure that is still indicative of growth, albeit at a much-reduced rate than in recent months.
    It... Read More
  3. Celebrations in Copenhagen
    17.10.2017
    17.10.2017
    by      In
    Nilfisk has been successfully listed as an independent company on the Copenhagen Stock Exchange. To mark the event on 12th October, the leadership team, led by CEO Hans Henrik Lund, rang the opening bell to mark the historical milestone in the company’s history.
    “Nilfisk has successfully been a... Read More
  4. Senator the Hon Michaelia Cash
    09.10.2017
    09.10.2017
    by      In
    The Acting Minister for Industry, Innovation and Science, Senator the Hon Michaelia Cash, has launched the second round of the Australian Government’s $8 million Women in STEM and Entrepreneurship (WISE) grants programme, which is open to businesses, not-for-profits, education and research... Read More