Paul Ichim, EximBank: Our target is to increase our market share

Bucharest, February 27, 2013 – Thisyear we are targeting an increase of our market share and we are confident about our capacity in succeeding reaching our objectives, especially when we are looking at the continuously growing interest of the Romanian companies for our products, declared Paul Ichim Vice president of EximBank.

EximBank was awarded the Excellence Prize for the support granted to Romanian economy by the Finante si Afaceri review, during a gala evening rewarding the outstanding achievements of Romanian companies.

”EximBank’s business strategy is focused on ensuring a consistent growth of the clients’ portfolio both by improving the bank’s activity and enlarging the network as well as by developing the partnerships with the other commercial banks. The input we receive from the business community shows an increasing interest for our specific offer. We are now in a stage where we can be an important player in Romanian economy, having also the potential to act as such.” said the Vice President of EximBank during the gala event.

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 and partial compensation of the interest rate. 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. 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.

The Bank has a network of 12 units (nine branches and three agencies) in Bucharest, Bacau, Brasov, Constanta, Cluj, Craiova, Timisoara, Buzau, Oradea, Deva, Iasi and Sibiu; also, interested companies may access additional information on