TBNPortugal
Credit insurance operations for export credit with Fomento Bank guarantee are only available from 20,000 euros.
Publication: ECO
Author: Mónica Silvares
Source published: 19/10/2026, 09:53:38 UTC
Briefing created: 19/10/2026, 14:24:37 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 19/10/2026, 11:56:25 UTC.
Briefings
Portuguese credit insurance operators can now apply for state guarantees on export credit operations starting at 20 million euros, funded by the Banco de Fomento's 500 million euro short-term line. The protocol was published on October 19, 2026, and applies until December 31, 2027, with potential extensions. Guarantors must pay up to 5% of indemnities directly, while the state covers 95% for insolvency or 100% for government-imposed defaults, subject to a 10% capital reserve. Premiums are calculated individually based on risk and payment terms, with maximums ranging from 0.210 to 3.750 euros per operation.
Key points
- The Banco de Fomento's 'Linha Fomento Exportação Curto Prazo' provides state guarantees for export credit operations with a minimum threshold of 20 million euros.
- Guarantors must pay up to 5% of indemnities directly to the state, while the state covers 95% for insolvency or 100% for government-imposed defaults.
Context
This protocol allows authorized Portuguese credit insurance operators to access state guarantees for export credit operations, funded by the Banco de Fomento's 500 million euro short-term line. The system operates on a 'first come, first served' basis and applies until December 31, 2027.
Limitations
Coverage is limited to authorized operators in Portugal; premiums are calculated individually per operation based on risk and payment terms; maximum guaranteed amounts vary by operation type and are subject to regular revision.
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