{"id":1940,"date":"2014-08-19T14:52:16","date_gmt":"2014-08-19T11:52:16","guid":{"rendered":"http:\/\/www.eximbank.ro\/en\/?p=1940"},"modified":"2014-08-19T14:52:16","modified_gmt":"2014-08-19T11:52:16","slug":"eximbank-has-joined-the-european-club-of-public-banks","status":"publish","type":"post","link":"https:\/\/www.eximbank.ro\/en\/2014\/08\/19\/eximbank-has-joined-the-european-club-of-public-banks\/","title":{"rendered":"EximBank has joined the European Club of Public Banks"},"content":{"rendered":"<p>Bucharest, January 27, 2011 \u2013 EximBank has become a member of the European Association of Public Banks  &#8211; EAPB, which will enable the bank to acquire quick information on every issue related to the process of European accession and structural funds assignment.<\/p>\n<p>\u201eSuch a partnership is meant to draw EximBank closer to European institutions, thus opening a channel of information of prime interest for the bank in order to reach the goal of extending professional support to those companies keen on making good use of European money\u201d, declared Ionu\u0163 Costea, president of EximBank.<\/p>\n<p>EAPB brings together not only banking institutions rampant on the European stage such as institu\u0163ii Erste Bank or DEXIA, but also EximBank peer institutions, namely : Bulgarian Development Bank, Hungarian Export-Import Bank, Bank Gospodarstwa Krajowego of Poland, Slovene Export and Development Bank etc. The association aims to promote and heighten mutual knowledge, expertise and communication sharing between its members on banking and financial legislation, as well as on European economic and fiscal  policy.<\/p>\n<p>The product mix which EximBank has particularly designed to help those companies and public authorities involved in projects relying on structural funds includes co-financing and pre-financing credits, non-committal letters of intent or guarantees. Specifically, by means of such products EximBank is able to meet 100% the financing demands related to projects already mentioned.<\/p>\n<p>Therefore, EximBank supplies credits meant to co-finance the part accounting for companies\u2019 own contribution. Moreover, EximBank grants credits to pre-finance companies\u2019 needs to bridge the gap between the time of payments to suppliers and the time of collections from the management authority. The product mix  also includes letters of comfort, an instrument expressing bank\u2019s intention to place at the disposal of a company supportive funds for the project duly approved by the management authority. Likewise, EximBank can guarantee those credits engaged by companies with other commercial banks to implement the projects relying on structural funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bucharest, January 27, 2011 \u2013 EximBank has become a member of the European Association of Public Banks &#8211; EAPB, which will enable the bank to acquire quick information on every issue related to the process of European accession and structural funds assignment. \u201eSuch a partnership is meant to draw EximBank closer to European institutions, thus [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-1940","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EximBank has joined the European Club of Public Banks - 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