EximBank supports Romanian investments abroad
Bucharest, June 11, 2013 – EximBank has recently granted a package of banking products to Grup Feroviar Roman (GFR) to be used for acquiring BDZ Freight Services EOOD Bulgaria, the national railroad transport company in the neighboring country.
Taking into account on one hand the legal framework – Law 96/2000 – regulating the functioning of EximBank that stipulates the fact that the bank performs specific financing and guaranteeing operations for promoting Romanian investments abroad and also the strategy of EximBank to support the Romanian companies engaged in projects outside the country, a strategic partnership has been set with Grup Feroviar Roman, in order to financially support the acquisition of foreign companies.
“The strategic relationship between GFR and EximBank is targeting other companies outside Romania and also the support of the current activity of GFR and by no means affects any Romanian privatization process, either current or future. Any Romanian company able to expand its activity outside the country is a potential partner for EximBank. I do believe that we have Romanian companies which have reached their full potential locally and now want and are able to become regional players. All these companies find in EximBank a strategic partner.” declared Traian Halalai, President of EximBank.
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 financing package offered by the bank consists in standard financing for current activity or investments and specific products under the state aid category: subsidized interest rate loans (the interest rate is 5 pp below the market and fixed during the crediting period) and partial compensation of the interest rate, allowing the repayment of up to 50% of the interest rate paid for the investment credits granted by the commercial banks, including EximBank.
State guarantees offered by EximBank support the companies that need financing but cannot present enough collateral guarantees, also being able to take over a significant part of the credit risk and thus facilitating the access to financing products.
In terms of insurance, EximBank covers the commercial and political risks that might be incurred by the international commercial transactions or by the investments activities of the Romanian companies abroad.
Also for mitigating the business risks, EximBank is offering the Commercial and Credit Information on business partners – a product enabling companies to get to know their future business partners before concluding any contracts.
The bank has a network of 15 entities in Bucharest, Bacau, Brasov, Buzau, Constanta, Cluj, Craiova, Deva, Galati, Iasi, Oradea, Pitesti, Ploiesti, Timisoara and Sibiu; also, interested companies may access additional information on www.eximbank.ro.