EximBank objective is to expand its territorial network
Bucharest, September 17, 2012 – Developing the territorial network and doubling the clients number are the strategic objectives set by the management of EximBank for 2012-2016 in order to be able to maintain the significant growing trend established during the last 3 years.
”The current development level of the bank with optimized flows and working procedures allows and even requests the development of the territorial network in order to support the organic growth of the bank. We envisage opening nine agencies in the next four years which will add to the three current ones so that the accessibility level of the companies to our specific products will raise” stated Ionut Costea, President of EximBank.
The bank’s client portfolio changed considerably during the last years; at present the main beneficiaries of the bank’s products and services being SMEs and big companies with an overall business volume of 80% out of the total, equally distributed between them. State owned entities reduced their presence constantly from 44% at the end of 2008 to almost 20% in 2011 showing that EximBank is fulfilling its strategic mission to support competitive companies.
The bank registered a growth of its exposure toward non-banking clients with almost 700 Mil Euros in crisis conditions which counterbalances the slowing in the crediting activity of the foreign banks and a confirmation of the fact that Romania needs strong local banks that are able to support the economic development.
”A highly professional management can make a state owned company to reach results over the market average or the figures of main competitors”, added Ionut Costea who emphasized that the cumulated gross profit registered by Exim Bank between 2008 and 2012 amounts at 455 Mil Lei.
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.