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13.01.2012

Export insurer K-sure selects Bank Austria as partner bank

  • Bank Austria to accompany South Korean exporters in the future as they enter Eastern Europe

Bank Austria recently signed a letter of intent regarding a more intense collaboration with the South Korean export insurer Korea Trade Insurance Corporation (K-sure). The key factor behind this letter of intent was the network maintained by Austria's leading bank for corporate customers in the region of Central and Eastern Europe, which consists of subsidiary banks in 18 different countries and roughly 3,800 branches. In the future, Bank Austria will support South Korean exporters with financing and its years of expertise in cross-border business.

"We are pleased about the increased collaboration with the South Korean export insurer K-sure and are excited to work with the local companies and exporters who are looking to establish themselves in Austria and Eastern Europe. As a strategic partner with years of experience and a strong presence in the region, Bank Austria can optimally accompany export-oriented companies as they expand into CEE and support them with tailored financing solutions. Thanks to this unique position and our long-standing ties to local banks, the export specialists at Bank Austria can offer their customers services that give companies a decisive competitive edge," said Angelo Rizzuti, head of Structured Trade and Export Finance at UniCredit.

Bank Austria has been a member of UniCredit, one of Europe's largest banking groups, since 2005. The group is active in 22 countries – including Austria, Germany and Italy – and operates roughly 9,500 branches with more than 160,000 employees. Its international network in over 50 countries gives its customers around the world access to the international financial markets.

Enquiries: Bank Austria Press Office Austria
 Julia Wegenstein, tel. +43 (0) 50505 - 52854
 E-mail: julia.wegenstein@unicreditgroup.at

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