Cover Practice for Countries and Banks

Please use the search function for quick access to a specific country or bank.

CRC : Country Risk Category
0 : smallest risk*, 7 : highest risk
HI = High-income OECD and eurozone countries*
*premiums partly as per market prices

CC : Consensus Category (according to gross national product per capita):
Max. credit period for CC1: 5 years (or 8.5 wi th prior notification)
Max. credit period for CC2: 10 years

Cover Policy:
ST : Short Term: Tenor of credit below 2 years
M/L = Medium/Long Term: Tenor of credit 2 years or more

Letter Rating: S&P rating scale
AAA : prime, AA+ ... CC, C, D : in default

SOV : central banks (sovereign, public)
SOV+ : better than sovereign, 10% reduction on premium for SOV
CC : Commercial category
CC0 : same as public, no del credere surcharge, CC5: highest del credere surcharge

Country CRC CC Public Bank Private Restrictions Sustainable
Lending
ST MLT ST MLT ST MLT
Afghanistan 7 2 on request on request on request on request on request on request Yes
Albania 5 2 open open open open on request on request No
Algeria 5 2 open open open open open open No
Angola 6 2 open open open open on request on request No
Antigua and Barbuda 7 2 on request on request on request on request on request on request No
Argentina 7 2 on request on request open open on request on request No
Armenia 6 2 open open open open on request on request No
Aruba 5 1 on request on request on request on request on request on request No
Australia HI 1 restricted open restricted open restricted open Subsidiarity No
Austria HI 1 restricted open restricted open restricted open Subsidiarity No
Azerbaijan 4 2 open open open open open open No
Bahamas 4 2 open open open open open open No
Bahrain 6 2 open open open open open open No
Bangladesh 5 2 open open open open open open Yes
Barbados 4 2 open open open open open open No
Belarus 7 2 closed closed closed closed closed closed No
Belgium HI 1 restricted open restricted open restricted open Subsidiarity No
Belize 7 2 on request on request on request on request on request on request No
Benin 6 2 closed closed on request on request on request on request Yes
Bhutan 6 2 open open open on request on request on request Yes
Bolivia 6 2 open on request open open open open No
Bosnia and Herzegovina 6 2 open on request open on request on request on request No
Botswana 3 2 open open open open open open No
Brazil 5 2 open open open open open open No
Bank
- Banco Bradesco S.A.
- Banco Santander (Brasil) S.A.
- Banco do Brasil S.A.
- Itau Unibanco S.A.
Brunei Darussalam 2 2 open open open open open open No
Bulgaria 3 2 restricted open restricted open restricted open Subsidiarity No
Burkina Faso 7 2 on request on request on request on request on request on request Yes
Burundi 7 2 on request on request on request on request on request on request Yes
Cabo Verde 6 2 restricted restricted restricted restricted restricted restricted Yes
Cambodia 6 2 on request on request on request on request on request on request Yes
Cameroon 6 2 open on request open open open on request Yes
Canada HI 1 restricted open restricted open restricted open Subsidiarity No
Central African Republic 7 2 on request on request on request on request on request on request Yes
Chad 7 2 on request on request on request on request on request on request Yes
Chile HI 1 open open open open open open No
China 2 2 open open open open open open No
Bank
- Bank of China Limited
- Bank of Communications
- China CITIC Bank Corporation
- China Construction Bank Corp.
- Industrial and Commercial Bank of China (ICBC)
- People's Bank of China (PBOC) (Central Bank)
Colombia 4 2 open open open open open open No
Congo (Brazzaville) 7 2 on request on request on request on request on request on request Yes
Costa Rica 4 2 open open open open open open No
Cote d'Ivoire 5 2 open open open open open open Yes
Croatia 3 2 restricted open restricted open restricted open Subsidiarity No
Cuba 7 2 on request on request on request on request on request on request No
Curaçao 5 2 on request on request on request on request on request on request No
Cyprus HI 2 restricted open restricted open restricted open Subsidiarity No
Czech Republic HI 1 restricted open restricted open restricted open Subsidiarity No
Democratic Republic of the Con 7 2 on request on request on request on request on request on request Yes
Denmark HI 1 restricted open restricted open restricted open Subsidiarity No
Djibouti 7 2 on request on request on request on request on request on request Yes
Dominican Republic 4 2 open open open open open open No
Ecuador 6 2 open on request open on request on request on request No
Egypt 6 2 on request on request on request on request on request on request No
El Salvador 7 2 on request on request on request on request on request on request No
Equatorial Guinea 7 2 on request on request on request on request on request on request No
Eritrea 7 2 on request on request on request on request on request on request Yes
Estonia HI 1 restricted open restricted open restricted open Subsidiarity No
Eswatini 6 2 on request on request on request on request on request on request No
Ethiopia 7 2 open on request open on request on request on request Yes
Fiji Islands 5 2 on request on request on request on request on request on request No
Finland HI 1 restricted open restricted open restricted open Subsidiarity No
France HI 1 restricted open restricted open restricted open Subsidiarity No
French Guyana 5 2 on request on request on request on request on request on request Yes
Gabon 6 2 on request on request on request on request on request on request No
Gambia 7 2 on request on request on request on request on request on request Yes
Georgia 6 2 open on request open on request open on request No
Germany HI 1 restricted open restricted open restricted open Subsidiarity No
Ghana 7 2 on request on request on request on request on request on request Yes
Great Britain HI 1 restricted open restricted open restricted open Subsidiarity No
Greece HI 1 restricted on request restricted on request restricted on request Subsidiarity No
Grenada 6 2 on request on request on request on request on request on request Yes
Guatemala 4 2 open open open open on request on request No
Guinea 7 2 on request on request on request on request on request on request Yes
Guinea-Bissau 7 2 on request on request on request on request on request on request Yes
Haiti 7 2 on request on request on request on request on request on request Yes
Honduras 5 2 open on request open on request open on request Yes
Hong Kong 2 2 open open open open open open No
Hungary HI 1 restricted open restricted open restricted open Subsidiarity No
Iceland HI 1 restricted open restricted open restricted open Subsidiarity No
India 3 2 open open open open open open No
Bank
- Bank of Baroda
- Canara Bank
- Export-Import Bank of India
- ICICI Bank Limited
Indonesia 3 2 open open open open open open No
Bank
- Bank Central Asia
- PT Bank Mandiri (Persero)
- PT Bank Rakyat Indonesia
Iran 7 2 on request on request on request on request on request on request No
Iraq 7 2 on request on request on request on request on request on request No
Ireland HI 1 restricted open restricted open restricted open Subsidiarity No
Israel HI 1 open open open open open open No
Italy HI 1 restricted open restricted open restricted open Subsidiarity No
Jamaica 6 2 on request on request on request on request on request on request No
Japan HI 1 restricted open restricted open restricted open Subsidiarity No
Jordan 5 2 open open open open open open No
Kazakhstan 5 2 open open open open open open No
Kenya 7 2 on request on request on request on request on request on request Yes
Korea (North) 7 2 closed closed closed closed closed closed No
Korea (South) HI 1 open open open open open open No
Kosovo 6 2 on request on request on request on request on request on request Yes
Kuwait 2 2 open open open open open open No
Kyrgyzstan 7 2 on request on request on request on request on request on request Yes
Laos 7 2 on request on request on request on request on request on request Yes
Latvia HI 1 restricted open restricted open restricted open Subsidiarity No
Lebanon 7 2 on request on request on request on request on request on request No
Lesotho 6 2 on request on request on request on request on request on request Yes
Liberia 7 2 on request on request on request on request on request on request Yes
Libya 7 2 on request on request on request on request on request on request No
Liechtenstein HI 2 restricted open restricted open restricted open Subsidiarity No
Lithuania HI 1 restricted open restricted open restricted open Subsidiarity No
Luxembourg HI 1 restricted open restricted open restricted open Subsidiarity No
Macao 2 2 open open open open open open No
Madagascar 7 2 open on request open on request on request on request Yes
Malawi 7 2 on request on request on request on request on request on request Yes
Malaysia 2 2 open open open open open open No
Maldives 7 2 on request on request on request on request on request on request Yes
Mali 7 2 on request on request on request on request on request on request Yes
Malta HI 2 restricted open restricted open restricted open Subsidiarity No
Mauritania 7 2 on request on request on request on request on request on request Yes
Mauritius 3 2 open open open open open open No
Mexico 3 2 open open open open open open No
Bank
- BANCOMEXT - Banco Nacional de Comercio Exterior
- BBVA Bancomer S.A.
- Banamex - Banco Nacional de Mexico S.A.
- Banco Santander SA
- Nacional Financiera S.N.C. (NAFIN)
Moldova 7 2 on request on request on request on request on request on request Yes
Mongolia 7 2 open on request open on request on request on request No
Montenegro 7 2 on request on request on request on request on request on request No
Morocco 3 2 open open open open open open No
Mozambique 7 2 open on request open on request open on request Yes
Myanmar 7 2 on request on request on request on request on request on request Yes
Namibia 6 2 open open open open open open No
Nepal 6 2 on request on request on request on request on request on request Yes
Netherlands HI 1 restricted open restricted open restricted open Subsidiarity No
Netherlands Antilles 5 2 on request on request on request on request on request on request No
New Zealand HI 1 restricted open restricted open restricted open Subsidiarity No
Nicaragua 7 2 on request on request on request on request on request on request Yes
Niger 7 2 on request on request on request on request on request on request Yes
Nigeria 6 2 open open open open on request on request No
North Macedonia 5 2 open open open open open open No
Norway HI 1 restricted open restricted open restricted open Subsidiarity No
Oman 5 2 open open open open open open No
Pakistan 7 2 on request on request on request on request on request on request No
Panama 4 2 open open open open open open No
Papua New Guinea 6 2 on request on request on request on request on request on request Yes
Paraguay 5 2 open open open open open open No
Peru 3 2 open open open open open open No
Philippines 3 2 open open open open open open No
Poland HI 1 restricted open restricted open restricted open Subsidiarity No
Portugal HI 1 restricted open restricted open restricted open Subsidiarity No
Qatar 3 2 open open open open open open No
Romania 3 2 restricted open restricted open restricted open Subsidiarity No
Russia 7 2 closed closed closed closed closed closed No
Rwanda 6 2 on request on request on request on request on request on request Yes
São Tomé and Príncipe 7 2 on request on request on request on request on request on request Yes
Saudi Arabia 2 2 open open open open open open No
Bank
- Saudi British Bank
Senegal 5 2 on request on request open open open on request Yes
Serbia 4 2 open open open open open on request No
Seychelles 6 2 on request on request on request on request on request on request No
Sierra Leone 7 2 on request on request on request on request on request on request Yes
Singapore 0 2 open open open open open open No
Slovakia HI 1 restricted open restricted open restricted open Subsidiarity No
Slovenia HI 1 restricted open restricted open restricted open Subsidiarity No
Solomon Islands 7 2 on request on request on request on request on request on request Yes
Somalia 7 2 on request on request on request on request on request on request Yes
South Africa 4 2 open open open open open open No
South Sudan 7 2 on request on request on request on request on request on request Yes
Spain HI 1 restricted open restricted open restricted open Subsidiarity No
Sri Lanka 7 2 on request on request on request on request on request on request No
St. Kitts and Nevis 7 2 on request on request on request on request on request on request No
St. Vincent and the Grenadines 5 2 on request on request on request on request on request on request Yes
Sudan 7 2 on request on request on request on request on request on request Yes
Suriname 7 2 on request on request on request on request on request on request No
Sweden HI 1 restricted open restricted open restricted open Subsidiarity No
Syria 7 2 closed closed closed closed closed closed Yes
Taiwan (Chinese Taipei) 2 2 open open open open open open No
Tajikistan 7 2 on request on request on request on request on request on request Yes
Tanzania 6 2 open on request open on request open on request Yes
Thailand 3 2 open open open open open open No
Bank
- Export-Import Bank of Thailand
- Kasikornbank PCL
Timor-Leste 6 2 on request on request on request on request on request on request Yes
Togo 6 2 on request on request on request on request on request on request Yes
Trinidad and Tobago 3 2 open open open open open open No
Tunisia 7 2 on request on request on request on request on request on request No
Turkey 5 2 on request on request on request on request on request on request No
Bank
- Akbank T.A.S.
- Denizbank A.S.
- ING Bank A.S.
- Kuveyt Turk Katilim Bankasi A.S.
- QNB Finansbank A.S.
- T.C. Ziraat Bankasi A.S.
- Türk Ekonomi Bankasi A.S.
- Türkiye Finans Katilim Bankasi AS
- Türkiye Garanti Bankasi A.S. (GarantiBank)
- Türkiye Is Bankasi A.S.
- Türkiye Sinai Kalkinma Bankasi A.S. (TSKB)
- Türkiye Vakiflar Bankasi T.A.O
- Yapi ve Kredi Bankasi A. S.
Turkmenistan 7 2 open open open open on request on request No
Uganda 6 2 on request on request on request on request on request on request Yes
Ukraine 7 2 on request on request on request on request on request on request No
United Arab Emirates 2 2 open open open open open open No
United States HI 1 restricted open restricted open restricted open Subsidiarity No
Uruguay 3 2 open open open open open open No
Uzbekistan 5 2 open open open open on request on request Yes
Venezuela 7 2 closed closed closed closed closed closed No
Vietnam 4 2 open open open open open open No
West Bank und Gaza 7 2 on request on request on request on request on request on request No
Yemen 7 2 on request on request on request on request on request on request Yes
Zambia 7 2 on request on request open open on request on request Yes
Zimbabwe 7 2 on request on request on request on request on request on request Yes
^
Back to top