CESCE is the leader of a group of companies providing comprehensive commercial credit management solutions in Europe and Latin America. CESCE is also the Spanish Export Credit Agency (ECA) which manages Export Credit Insurance on behalf of the Spanish State.
CESCE’s mission is to encourage the steady and long term growth of its customers, providing intelligent commercial credit management solutions that cover the entire business value chain – market prospecting, risk management and transfer and access to funding – and surety and guarantee solutions to help them tackle new projects and business ventures.
To honour its public obligation as managers of Export Credit Insurance on behalf of the State with technical rigour, professionalism and strict compliance with applicable regulations, fully geared to support the internationalization process of spanish companies.
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 are specialists in offering comprehensive management of commercial risk and insight for trade credit. Therefore we have designed a new business model based on a variable price system that is able to carry out improved control of risks and prevent defaults in an efficient way, offering global solutions designed to satisfy the needs of our clients at different stages of their commercial activity.
CESCE has changed its business line by offering not only Credit Insurance, but becoming a Credit Services Company. CESCE has revolutionized the traditional credit insurance market by breaking the principle of globality: our clients are no longer bound to cover all their credits, they now have the possibility of assuring only the risks that they consider more critical, assuring their full risk portfolio or not even assuring any risk at all. Moreover, we have launched a new financial service, which offers our clients access to a non- banking financial mechanism.
We are currently present in Spain and Portugal and have subsidiaries in Latin America: CESCE Brasil (Brazil), CESCE Chile (Chile), SEGUREXPO (Colombia), CESCEMEX (Mexico) and SECREX CESCE (Peru). Besides, CESCE owns stakes at the Moroccan company SMAEX.
Highlights in 2019
• More than 140.000 customers
• 1.3 million risk limits in place on our own behalf
• 3,091 million euros in insurance issued on behalf of state
• S&P raises the short-term rating to A-1
Board of Directors
Mr. Fernando Salazar (Chairman and Chief Executive Officer)
Ms. Beatriz Reguero (Chief Operating Officer, State Account Business)
Mr. Manuel Alves (Chief Operating Officer)