As I mentioned, most of our activities in this sector consist of granting credit insurance. This is the most common formula for these businesses. Direct loans are much less common, as our direct guarantees, but they are available in theory.
The issue is broader than that. If a company applies for a loan and its bank does not want to lend it money, then that company's situation must be analyzed. We must find out if it is not creditworthy or why the bank does not want to be involved. It is not just a matter of conducting a commercial transaction simply because there is a need.
According to international rules, it is very important for EDC to ensure transparency in order to remain commercial and to grant loans to creditworthy businesses.