EximBank climbs four positions within Top 100 banks in South-East Europe
Bucharest, November 7, 2011 – EximBank managed to reach place 33-rd in South-East Banks Top 100 by the profit recorded last year according to the annual rating made by SeeNews in conjunction with consultancy company AT Kearney and Euromonitor International.
This year edition of the Top places EximBank 72-nd by its assets at year-end 2010, upward 4 positions from previous edition considering the questionnaire addressed to 230 banking institutions of 10 states (Albania, Bosnia Herţegovina, Bulgaria, Croaţia, Macedonia, Moldova, Muntenegru, Romania, Serbia and Slovenia).
The most prominent presence in Top 100 Banks, recently launched is claimed by Bulgaria and Serbia – with 18 institutions each, followed by Slovenia (17) and Romania with 15 banks. The authors of the rating explain that Romania has curtailed its presence in this respect (in previous edition 21 local banks were on display) due to the economic crisis having hit the banks alongside with the constraints imposed by the IMF Agreement.
EximBank’s activities for State’s account boasted in 2010 a surge by almost 40% as against year-end 2009, with total commitments (financing, guarantees and insurance) four times larger than in 2008. Throughout last year, the bank recorded significant positive developments for all ranges of products provided for State’s account, with a major increment against December 2009, notably 162% in the insurance sector. Likewise, financing soared nearly 30%, while guarantees flared by 33%.
EximBank is a specialized institution whose threefold product portfolio focused on financing, guarantee and insurance,enables it togrant 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.