CREDIT INSURANCE DURING THE FINANCIAL CRISIS

In international economic relations, credit is an indispensable element, being viewed by most specialists as the engine of a national economy, due to the role of the driving investments and based on them, the employment, the increase in the production, etc., the use and typology according to the duration and nature of the operations performed. Export credits are, along with the other types of loans, part of the specialized loan category held in the portfolio of most commercial banks. Export credits or export pre-financing credits are loans granted by banks to business entities with production made for export in order to support or promote it, or to cope with exceptional needs occurred in the period of making the export production. This paper describes recent trends noticed in export credit insurance, especially from 2008 to 2011.