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{{more citations needed|date=November 2018}}
{{refimprove|date=April 2024}}
{{Infobox company
{{Infobox company
| name = Credendo
| name = Credendo
Line 6: Line 6:
| traded_as =
| traded_as =
| foundation = '''1921''' The parent company started its activities in Belgium '''1939''' Nationale Delcrederedienst {{!}} Office National du Ducroire (ONDD) becomes an autonomous public financial body with a state guarantee
| foundation = '''1921''' The parent company started its activities in Belgium '''1939''' Nationale Delcrederedienst {{!}} Office National du Ducroire (ONDD) becomes an autonomous public financial body with a state guarantee
| location = [[Brussels]], [[Belgium]]
| location = [[Brussels]], Belgium
| key_people = Dirk Terweduwe (CEO), Frank Vanwingh (Deputy CEO), Nabil Jijakli (Deputy CEO)
| key_people = Dirk Terweduwe (CEO), Frank Vanwingh (Deputy CEO), Nabil Jijakli (Deputy CEO)
| industry = [[Insurance]]
| industry = [[Insurance]]
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| equity =
| equity =
| num_employees = 530
| num_employees = 530
| homepage = https://www.credendo.com
| homepage = {{URL|credendo.com/en}}
}}
}}


Credendo is a European credit insurance group present throughout the European continent, headquartered in Brussels and located in 14 countries. It provides customised options for insurance, reinsurance, guarantees, surety and financing related to domestic and international trade transactions or investments abroad. It protects companies, banks and insurance undertakings against credit and political risks or facilitates the financing of such transactions.
Credendo is a European credit insurance group<ref>{{cite web | url=https://www.tradefinanceglobal.com/export-finance/export-credit-agencies-eca/credendo-belgium-eca/ | title=Credendo &#124; Export Credit Agency (ECA) in Belgium }}</ref> present throughout the European continent, headquartered in Brussels and located in 15 countries. It provides customised options for insurance, reinsurance, guarantees, surety and financing related to domestic and international trade transactions or investments abroad. It protects companies, banks and insurance undertakings against credit and political risks or facilitates the financing of such transactions.


Credendo is 100% owned by the Belgian state. The parent company’s official name is Delcredere | Ducroire, but the commonly used brand name is Credendo – Export Credit Agency. It has the status of a public institution. Since the rebranding process of January 2017, the parent and all subsidiaries share the same name: Credendo.
Credendo is 100% owned by the Belgian state. The parent company's official name is Delcredere | Ducroire, but the commonly used brand name is Credendo – Export Credit Agency. It has the status of a public institution. Since the rebranding process of January 2017, the parent and all subsidiaries share the same name: Credendo.


We can separate the Credendo credit insurance activities into '''two parts'''.
Credendo credit insurance activities can be separated into two parts.


* On the one hand there are the operations with guarantee from the Belgian state (public credit insurance) to support Belgian exports. For this type of insurance, the transactions covered have to contain a Belgian interest. This part of the activities belongs to Credendo – Export Credit Agency, which acts as a traditional Export Credit Agency (ECA). It’s established in Brussels (Belgium).
* Operations with guarantee from the Belgian state (public credit insurance) to support Belgian exports. For this type of insurance, the transactions covered have to contain a Belgian interest. This part of the activities belongs to Credendo – Export Credit Agency, which acts as a traditional Export Credit Agency (ECA). It's established in Brussels (Belgium).
* On the other hand there are the transactions covered without guarantee from the Belgian state (private credit insurance). The most common product is the whole turnover credit insurance policy, besides surety. There are subsidiaries and branches all over Europe.
* Transactions covered without guarantee from the Belgian state (private credit insurance). The most common product is the whole turnover credit insurance policy, besides surety. There are subsidiaries and branches all over Europe.


== History and name ==
== History and name ==


Credendo is one of the oldest credit insurance companies. In 1921 the Belgian Ministry of Economic Affairs set up a Delcredere Committee to promote Belgian exports. In 1935 the Committee is separated from the Ministry and becomes the Belgian Export Credit Agency ‘Office National du Ducroire | Nationale Delcrederedienst’ (ONDD). In 1939 a complete reorganisation takes place: the agency is transformed into an autonomous public financial body with a state guarantee. Up till now, export credit agency services remain the group’s core activity.{{citation needed|date=October 2019}}
Credendo is one of the oldest credit insurance companies. In 1921 the Belgian Ministry of Economic Affairs set up a Delcredere Committee to promote Belgian exports. In 1935 the committee is separated from the Ministry and becomes the Belgian Export Credit Agency ‘Office National du Ducroire | Nationale Delcrederedienst’ (ONDD). In 1939 a complete reorganisation takes place: the agency is transformed into an autonomous public financial body with a state guarantee. Up till now, export credit agency services remain the group's core activity.{{citation needed|date=October 2019}}

== Governance ==

<u>Former and actual presidents of the Board:</u>

* 2010-2017: '''Vincent Reuter'''    
* 1989-2009: '''Jean-Pierre Pauwels''', Director of the National Bank of Belgium
* 1982-1989: '''Oswald Adriaensen''', Member of the Commission for banking and financing
* 1975-1982: '''baron Jean Godeaux''', President of the Commission for banking and financing
* 1941-1975: '''baron Eugène de Barsy''', President of the Commission for banking and financing
* 1939-1941: '''Albert Goffin''', Director of the National Bank of Belgium


== References ==
== References ==
{{Reflist}}
{{Reflist}}
{{ICISA members}}

{{authority control}}
{{authority control}}


[[Category:Belgian federal departments and agencies]]
[[Category:Federal departments and agencies of Belgium]]
[[Category:Export credit agencies]]
[[Category:Export credit agencies]]

Latest revision as of 01:07, 3 December 2024

Credendo
Company typeCredit Insurance Group
IndustryInsurance
Founded1921 The parent company started its activities in Belgium 1939 Nationale Delcrederedienst | Office National du Ducroire (ONDD) becomes an autonomous public financial body with a state guarantee
HeadquartersBrussels, Belgium
Key people
Dirk Terweduwe (CEO), Frank Vanwingh (Deputy CEO), Nabil Jijakli (Deputy CEO)
ProductsTrade credit insurance, Financing, Bonding, Investment insurance, Financial guarantees, Risk participation, Reinsurance
Number of employees
530
Websitecredendo.com/en

Credendo is a European credit insurance group[1] present throughout the European continent, headquartered in Brussels and located in 15 countries. It provides customised options for insurance, reinsurance, guarantees, surety and financing related to domestic and international trade transactions or investments abroad. It protects companies, banks and insurance undertakings against credit and political risks or facilitates the financing of such transactions.

Credendo is 100% owned by the Belgian state. The parent company's official name is Delcredere | Ducroire, but the commonly used brand name is Credendo – Export Credit Agency. It has the status of a public institution. Since the rebranding process of January 2017, the parent and all subsidiaries share the same name: Credendo.

Credendo credit insurance activities can be separated into two parts.

  • Operations with guarantee from the Belgian state (public credit insurance) to support Belgian exports. For this type of insurance, the transactions covered have to contain a Belgian interest. This part of the activities belongs to Credendo – Export Credit Agency, which acts as a traditional Export Credit Agency (ECA). It's established in Brussels (Belgium).
  • Transactions covered without guarantee from the Belgian state (private credit insurance). The most common product is the whole turnover credit insurance policy, besides surety. There are subsidiaries and branches all over Europe.

History and name

[edit]

Credendo is one of the oldest credit insurance companies. In 1921 the Belgian Ministry of Economic Affairs set up a Delcredere Committee to promote Belgian exports. In 1935 the committee is separated from the Ministry and becomes the Belgian Export Credit Agency ‘Office National du Ducroire | Nationale Delcrederedienst’ (ONDD). In 1939 a complete reorganisation takes place: the agency is transformed into an autonomous public financial body with a state guarantee. Up till now, export credit agency services remain the group's core activity.[citation needed]

References

[edit]
  1. ^ "Credendo | Export Credit Agency (ECA) in Belgium".
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