Our profile

Credit Europe Bank provides support for clients who wish to invest in marine industry. Credit Europe Bank began financing marine projects in 1998 and these projects have gained momentum after 2001. Total loan amount of more than USD 1 Billion spread over 125 projects was set from 2001 to the first quarter of 2006. Within a very short time, Credit Europe Bank has increased marine portfolio through its tailor-made products designed to meet the needs of its clients.

CLIENT PROFILE:

Among our client portfolio there are ship-owners, ship operators or shipyards all over the world. We cooperate with both large owners as well as small owners. New buildings financed are mainly in Eastern Europe and the Far East.

Our SERVICES:

Financial Services: Financial services are cash and non-cash loans including letter of credit and letter of guarantee type of tools. Refund guarantees are issued in favor of shipyards. Hedging tools are designed in line with the customer needs. Acting as a solution partner, we can create alternative financing methods in favor of our customers. All kinds of current account services are provided in a fast and accurate manner to the bank’s hundreds of marine clients from all over the world. Credit Europe Bank also offers E-Banking services to its clients which provide convenience to their banking transactions. As a solution partner, the bank generates alternative financing methods to suit its customers and build up long-term relationships.

Credit Europe Bank welcomes the opportunity to consider shipping projects from across Europe and beyond. Subject to pre-determined credit principles Credit Europe Bank will consider any shipping transaction, big or small, involving older vessels or new buildings, so long as the basic parameters of the credit policy are adhered to.

PROJECTIONS:

Credit Europe Bank N.V.’s target is to grow its marine finance portfolio in the forthcoming years with its dynamic & experienced team and solution oriented-tailor made approach. The new lines will be utilized mainly in ship building industry and second hand vessel financing, whereas other marine financing facilities will also be considered selectively.

Types of Vessels and Projects:

TYPES OF VESSELS FINANCED:
The shipping activities of the bank are focused on dry cargo vessels, container ships and tankers, all in line with the current market demand; however financing is also available for other types of vessels i.e. fishing boats, tugboats, ro/ro ships and so on.

TYPES OF PROJECT FINANCING:
Pre-delivery financing:
Credit Europe Bank provides pre-delivery financing during the construction phase to both ship-owners and shipyards. Besides the hull construction, machinery and equipment purchases, labour costs and other goods and services may also be financed on project basis.

Post-delivery & secondhand financing:
This is the traditional function of the shipping bank and one of the fastest-growing businesses of Credit Europe Bank. Vessels of various types and ages are financed.

Shipyards / floating docks:
New shipyard establishments, shipyard renovations or floating dock acquisitions are financed on a project basis. Yacht financing: Credit Europe Bank recently began to finance very specific high-value yacht building projects.

Marina and port financing:
A relatively new business area which the bank has targeted.

Working capital loan / Short-term financing:
Credit Europe Bank meets the short-term needs of its marine customers such as high bunkering costs or vessel repair and renovation. Freight receivables financing is also available on a transaction basis.