Cesce heads a group of companies offering integrated trade credit management solutions and the issuance of surety insurance and guarantees in parts of Europe and Latin America. In its role as an Export Credit Agency (ECA) on behalf of the Spanish State, it manages export credit insurance and medium and long-term risk coverage for electro-intensive consumers, which it has been recognised by TXF, placing Cesce as the best valued ECA in the world in 2024. The company promotes the long-term growth of its more than 135,000 clients, providing them with smart solutions for commercial credit management that cover the entire business value chain – market prospecting, risk management and transfer, and access to financing – as well as surety solutions and guarantees to tackle new projects and businesses. After more than 50 years in the market, the company has proven to be a stable group and the most solvent of the main Spanish and European companies in the credit and surety insurance sector, with a solvency ratio of 258% at the close of the 2023 financial year.

Shareholder composition: 50,25% of its shares are held by the Spanish State, 23,88% Santander Group, 16,3 BBVA Group and the remain 9,57%, insurance and banking groups.

We want to consolidate our company as the best support for companies that sell credit to other companies by designing innovative solutions that will also be conceptually and technologically ahead of our competitors, and to become the leading company in the market for quality of service, for the opportunities for professional and personal development we offer our employees and for our commitment to society.

We are currently present in Spain and Portugal and have subsidiaries in Latin America: Brazil, Chile, Colombia, Mexico and Peru. Besides, Cesce owns stakes at the Moroccan company SMAEX.

• More than 135.000 customers
•  1.7 million in risk limits in place on our own behalf
•  More than 17,500 million euros risk portfolio issued on behalf of State
• S&P stable outlook rating A
• Moody’s positive outlook rating A3

Mr. Pablo de Ramón-Laca (Chairman and Chief Executive Officer)
Ms. Beatriz Reguero (Chief Operating Officer, State Account Business)
Mr. Manuel Alves (Chief Operating Officer)