Defence export credit
When export credit agencies back defence: UK Export Finance, KEXIM, K-SURE and others lending or guaranteeing against equipment bought by allies.
Randeep Bubbra | Lawyer | Making defence financeable
7Financings on file
US$12.0bnFunded volume (US$ eq.)
5Issuers and borrowers
US$9.8bnLargest financing
Largest financing
UK Export Finance support for Poland's NAREW air defence programme, 31 Oct 2024.
Banks and lenders named
Export-Import Bank of Korea (KEXIM) (2), K-SURE (2), UK Export Finance (2), Santander (1).
Counts are financings on file where the bank or lender is named. All lenders.
Financings
| Date | Financing | Type | Amount |
|---|---|---|---|
| 9 Jan 2026 | BGK ECA-backed facilities for the K2 tank contract (KEXIM and Santander) | Export credit | Not disclosed |
| Aug 2025 | BGK and Korean ECAs: guarantee and insurance framework for Polish arms purchases (at least US$5bn) | Export credit | US$5bn |
| 14 Mar 2025 | UKEF defence direct lending capacity raised by £2bn | Export credit | £2bn |
| 2 Mar 2025 | UK Export Finance-backed £1.6bn financing for Ukraine's LMM air defence missiles | Export credit | £1.6bn |
| 31 Oct 2024 | UK Export Finance support for Poland's NAREW air defence programme | Export credit | £7.7bn |
| 24 Jul 2024 | UK/Ukraine Defence Credit Support Treaty | Export credit | £3.5bn |
| 19 Sep 2018 | UK Export Finance support for Typhoon export to Qatar | Export credit | £5bn |
Totals are US$ equivalents of funded deals at approximate annual average rates; programme-level and conditional commitments are listed but left out. Records come from public, primary sources. How the register is built.