Loading ...EximBank assets rose in the first eight months of 2009 to four billion lei, almost 40 percent higher than the result at the end of 2008, and bank’s exposure reached 1.028 billion lei, up 22 percent from December 31, 2008.
The bank posted a gross profit 1.4-fold higher than the corresponding value full-year 2008, and this performance is the result of the fact that all the bank’s assets recorded growths on the backdrop of the spending cuts, compared to budgeted indicators, by almost 20 percent, announced on Thursday EximBank President Ionut Costea.
Costea also announced the launch of a new product for companies “Payment credit for the debts owned to the state”, which is added to other facilities such as “Flexible investment credits with lower guarantees up to 50 percent”, or “Fixed interest rates to credits for export on medium and long-term”.
“As for the interest rates, I would like to note the fact that the average lei credit rate in the bank’s portfolio dropped from 14.71 percent in Jan. to 12 percent in Aug., under conditions in which the average interest rate to balanced credits in the banking system on the first eight months of this year accounted for some 17 percent in the case of non-financial companies”, stressed Ionut Costea.
Romania’s Export-Import Bank EximBank SA is a specialized institution with majority state-owned shareholdership (AVAS), which backs the Romanian business environment and international transactions. The bank has 11 territorial units located in Bucharest and in the main cities in Romania.
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