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Auf Wiedersehen to export credits
01 October 2006
Read more:
KfW IPEX Bank; Export Credit; Euler Hermes
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| Out with the old in with the new |
The export credit market's decline in Germany has become almost terminal.
It has been a busy year for KfW IPEX Bank. The team has been swept off its feet trying to close deals and meet demand for financing, but the increase in financing has been wholly different this time around.
KfW has closed only one export credit agency financing deal in more than a year. It has had to come to terms with the big decline in a product in which it had led the German market.
An analysis shows that this is not just particular to KfW.
German banks have largely moved out of the export credit...
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