Costea, EximBank: Our strategy allows the continuing healthy growth of our business
Bucharest, September 25, 2012 – The registered growth of EximBank portfolio on the commercial side of its business activity between 2009 -2012 was extremely healthy with a credit default rate far below the average of the financial Romanian market – 11% as compared to 25% and the business strategy for the next four next four years allows the significant increase of the business volumes keeping the default rate under the average of the banking system, declared Ionut Costea, President of EximBank.
”I am convinced that EximBank is ready to approach a sustainable development phase because we do now have the necessary instruments and expertise to grow our business on every level we are active on. In order to reach our objective of doubling the clients’ figures on the commercial segment we strategically base our efforts on two essential pillars – continuing the operational working procedures enhancements and implementing a well-known corporate sales policy- cross selling for our products. Following these decisions we expect every client to access at least three of our products. ”, stated Ionut Costea.
He added that during the crisis period, EximBank proved its capacity of identifying strong, healthy businesses and to support their development projects so that the bank would be able to fulfill its mission of sustaining the Romanian business environment. In 2011 only, the credits granted by EximBank to Romanian companies were higher by 170% as compared to 2010.
The bank registered a total exposure toward non-banking clients of almost 700 Mil Euro in current economic crisis condition and a 455 Mil Ron profit. EximBank strategy for the next four years aims at developing the territorial network and at doubling its client portfolio in order to maintain the accelerate growing trend established during the last years.
EximBank is a specialized institution whose threefold product portfolio focused on financing, guarantee and insurance, enables it to grant assistance to current activities and development of exporters, SME-s and companies involved in projects pertaining to key economic sectors, particularly those contributing to the absorption of EU funds.