The Board of Directors of SACE SpA has examined the quarterly report updated to 31 March 2013. During the period in question, the insured operations were equal to 1,9 billion euros recording an increase of 16% compared to the same period of 2012. 77,6% relate to insurance of export transactions or foreign direct investments, the remaining 22,4% relate to loans granted to companies for internationalization activities or for working capital needs. In summary, the main results are as follows:
- i gross premiums amount to 23,9 million euros, down from 47 million in the first quarter of 2012;
- claims amounted to 37,4 million euros, an increase compared to 8,5 million in the first quarter of 2012. This is mainly due to compensation paid to Italian companies for exports to Iran, where international sanctions have led to growing difficulties in repaying loans;
- the net profit is equal to € 96 million (+ 32%).
In portfolio of operations insured, which stands at 31,9 billion euros, the Russia confirmed as first market by exposure, followed by UK, Brazil (growing rapidly) e Qatar.
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