TXF surveyed more than 200 exporters around the world and EDC scored the highest

Today, Export Development Canada was named “Export Credit Agency of the Year” by Trade & Export Finance (TXF), one of the principal sources of news, data and innovative events specializing in trade and export finance. This award was presented at the TXF Global 2018 Export and Agency Finance conference in Prague, with more than 800 delegates from banks, export credit agencies, exporters, insurance companies, brokers, and institutions from around the globe.

TXF surveyed more than 200 exporters and users of export finance in their annual exporters’ survey. Exporters were asked to score export credit agencies (ECA) and trade finance banks in terms of flexibility, understanding of business, speed of execution, risk appetite, capacity, and customer service. EDC received the highest scores for an ECA.

“It is an honour to receive this award. EDC’s mandate to support and develop Canadian companies, helping them grow into international champions is what drives us to perform and help them succeed,” said Benoit Daignault, Chief Executive Officer at EDC. “This recognition reinforces our approach to constantly improve and evolve the way we work to ensure we are doing our best for Canadian businesses small and large.”

In 2017, EDC served 9400 companies – the largest number in EDC’s 73-year history. Canada’s export credit agency also supported more than CAD 100 billion in exports, foreign investment and trade development activities. As a trading nation, with 60 per cent of our GDP dependent on trade, success abroad translates to more competitive businesses and a stronger economy at home.

About EDC

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, we equip Canadian companies with the tools they need – the trade knowledge, financing solutions, equity, insurance, and connections – to grow their business with confidence. Underlying all our support is a commitment to sustainable and responsible business. To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, the Government of Canada has expanded EDC’s domestic capabilities until December 31, 2021. This broader mandate will enable EDC to expand its support to companies focused domestically.

For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit www.edc.ca.