KredEx is a foundation set up by the Estonian Ministry of Economic Affairs and Communications in 2001 with the aim of providing financial solutions based on the best practices in the world. KredEx helps enterprises develop quicker and expand more safely to foreign markets, offering loans, venture capital, credit insurance and guarantees with state guarantee. They help people improving their living conditions, offering loan guarantees for purchasing homes, as well as loans, guarantees and grants for solutions aimed at increasing energy efficiency.
As of end-2021, KredEx had an outstanding guarantee volume of mEUR 163 and supported a total of 737 small and medium-sized companies.
|AECM accession year||2002|
|Geographical and sectoral coverage||National|
Industry, Crafts, Retail, Liberal professions, Cooperatives, Agriculture, fishery, forestry and real estate development are excluded
|Products||Loan guarantees, Housing guarantees, Leasing guarantees, Project guarantees, Export guarantees, Venture capital guarantees|
|Counter-guarantee||Local, regional, national and EU counter-guarantee|
Tallinn/Brussels, 29th September 2022