EximBank is financing the new Romcab factory in Acatari
Bucharest, September 24, 2012 – EximBank financed the new Romcab factory – one of the leading Romanian manufacturers of cables and conducting wires – opened at the end of last week in Acatari, Mures, under a project financed by the European Fund of Rural Development.
”The relationship EximBank has with Romcab is not very long – we have been working since 2011 – but is a very strong partnership. We considered Acatari project as a significant one because it allowed us to support a company with proven capacity to generate ideas both at its own level and on macro scale by creating new jobs and stimulate the activity of other companies on the economic chain. By granting a product mix of almost 200 Mil Ron we managed to be part of the company and regional development and also in the attracting of European funds process. We are committed to enhance our portfolio with such partnerships that in our opinion generate a win-win relationship with the business community and I do believe that we significantly advanced on this road.” stated Ionut Costea, President of EximBank, present at the new facility opening.
Romcab is one of the leading Romanian manufacturers of cables and conducting wires, with more than 40% of its production being exported. Romcab history starts 15 years ago, but the whole company’s experience is built up along its 50 years of existence. The company as it is today is the result of Electromures spin off and privatization process that took place in 1999.
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.
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.
Companies expressing an interest in EximBank products may apply directly to the territorial units of the bank, located in Bucharest, Bacau, Brasov, Constanta, Cluj, Craiova, Timisoara, Buzau, Oradea, Deva Iaşi and Sibiu. Likewise further information may be reached at the website www.eximbank.ro.