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SACE scored a gross profit of €485 mn, as guarantees for Italian exports rose to €10.7 bn (+27%)

SACE, the state-owned export credit guarantee agency, closed 2014 with a gross profit of €485 million. Yesterday the board of directors approved full year results, which show a significant improvement compared to 2013.

Last year SACE insured €10.7 billion in export transactions and investments for international development projects, 27% more than in 2013.

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Source: http://www.italy24.ilsole24ore.com/

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