The BoD of SACE, chaired by Giovanni Castellaneta, today examined i half-year results as at 30 June 2012, which remain positive and in line with the objectives of the business plan.
In the first six months of the year, SACE passed resolutions €4,8 billion of new guarantees (+ 45 % compared to the same period of 2011) in support of exports, internationalization activities and projects in strategic sectors for Italy. The portfolio of insured operations thus rises to € 34,4 billion (+ 10%). Net profit stood at € 124,8 million (+7%). The main sector remains theoil & gas, which represents 27% of the exposure, followed by sectors infrastructure and construction (19%), metallurgical (10%) and chemical-petrochemical (8%). As far as foreign markets are concerned, the first country by exposure is confirmed as Russia with over €5,3 billion (+4%). The Qatar with an increase of 39% it rises to second place with € 1,7 billion, followed by Saudi Arabia (€1,6 billion), Turkey (€1,5 billion) e Brazil (€1,3 billion). There is also growing dynamism in emerging countries such as Colombia, whose exposure exceeds €230 million, Ukraine (+89%), Romania (+67%), Indonesia (+75%) and India (+59%).
