SACE

SACE

SACE was established in 1977 as a joint-stock company wholly owned by the Italian state. Its sole shareholder since March 2022 is the Ministry of Economy and Finance. The firm provides export credit, investment protection and surety products primarily to Italian companies expanding abroad. Core activities center on export credit insurance, financial guarantees and factoring. The firm maintains a securities portfolio valued at approximately 5.6 billion euros concentrated in government and high-grade corporate bonds. It holds full ownership of SACE BT S.p.A. and SACE Fct S.p.A. and maintains a minority interest in ATIDI. Geographic reach includes Italy as home market plus active programs across Africa and the Middle East through reinsurance treaties with partners such as Saudi EXIM Bank. The firm employs no disclosed headcount figure. It maintains a corporate art collection started in 2004 featuring works by Jannis Kounellis and Bizhan Bassiri. In September 2024 SACE participated as speaker at the Cernobbio Forum discussing Italian export competitiveness. It also sponsored Vinitaly in April 2024 to promote agri-food exports. SACE operates under direct state ownership with the Ministry of Economy and Finance as sole shareholder, creating a governance structure tied to national export policy rather than private capital allocation.