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Draft:AKA European Export and Trade Bank

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AKA European Export and Trade Bank

AKA European Export and Trade Bank (Ausfuhrkredit-Gesellschaft mbH), or AKA for short, is a specialist bank for export financing based in Frankfurt am Main.

The bank is one of the 100 largest German banks in terms of total assets, although it only employs around 150 people. The reason for this lies in the structure of the business. AKA is a syndicate bank. Its shareholders (syndicate members) are 17 banks. AKA has core capital of 308 million euros.The bank offers financing and services in connection with short, medium and long-term export transactions as well as international business. CIRR loans, fixed-rate loans subsidized by the ERP Special Fund with Hermes cover for German deliveries and services in selected countries, are a key product. In Germany, apart from AKA, only the state-owned KfW is allowed to offer these loans.

Shareholders

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History

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AKA was founded in 1952 at the instigation of Hermann Josef Abs as a private-law counterpart to the public-law KfW Bankengruppe. The founding name was AKA Ausfuhrkredit-Aktiengesellschaft.

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  1. ^ Wer wir sind - Die AKA auf einen Blick" at the Wayback Machine (archived 2012-10-31)
  2. ^ "ODDO BHF – Unabhängige europäische Finanzgruppe | ODDO BHF". Retrieved 2024-08-28.