Bank of the Year for credit guarantees
Bucharest, December 7th, 2021 –EximBank was awarded as “Bank of the Year for Credit Guarantees” during the Awards Gala organized by the “Piata Financiara” Magazine, award recognizing the contribution the bank had in easing the companies’ access to the to the needed financing during the pandemic.
EximBank developed last year, during the activity mandated by the Romanian state, a portfolio of new products with a state aid component to unblock the access to financing for large companies and SMEs with a 20 million Lei turnover in 2019, that suffered from liquidity deficiency due to the COVID-19 pandemic.
Through this measure, EximBank offered to the business community solutions – credits at a subsidized interest rate and state guarantees – for improving the current obstacles in immediate financing. By putting together EximBank’s guarantee products and their specific offer, the commercial banks had the possibility of structuring accessible financial solutions to maintaining active the companies’ production line or for continuing their investment plans.