Bucharest, February 16, 2011 \u2013 EximBank has initiated relevant steps for the development of partnership with commercial banks by organizing workshops with representatives of bank branches in order to set the best ways of joining efforts. Such initiative shall be applied throughout the year, with the first meeting in place early this week in Craiova.<\/p>\n
\u201cEximBank encompasses in its portfolio those very products able to complete most conveniently the offers of other commercial banks, with no overlap involved. We have tackled such meetings with officials of commercial banks branches feeling confident that only through sustained communication we can lay the basis of a mutually beneficial business background by joining our products to every bank\u2019s particular offer\u201d, declared Ionut Costea, president of EximBank.<\/p>\n
The key sector for a partnership is pertaining to guarantees. To facilitate access to funding and boost lending, EximBank decided last year to simplify granting procedures for sovereign guarantees up to euro 1.5 million. The main change in the process refers to the examination of the guarantee application based on the loan report made by the financing bank instead of having EximBankwork out another report. As a result, the responding time was cut to 10 days only, from one month as it used to be. <\/p>\n
\u201cWe do our best to spread the word about such modification among companies and mostly commercial banks which are in a position to advise their customers to apply to EximBank in order to fill the guarantees requested for a loan\u201d, added the Ionut Costea, president of EximBank.<\/p>\n
EximBank makes available a comprehensive range of products directed at those commercial companies in need of a loan or a letter of bank guarantee but are short of enough collaterals. The Bank can issue guarantees for the following recipients:
\nexporters \u2013 in furtherance to company\u2019s guarantees in favor of the financing bank;
\nSMEs and other kinds\u2013 in furtherance to guarantees requested for development and upgrade loans thereby covering the risk of disbursement default;
\ncore economic sectors\u2013 warrant of loans or letters of bank guarantee extended for Romanian investments abroad, for the development of infrastructure, of public utilities or environmental protection.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bucharest, February 16, 2011 \u2013 EximBank has initiated relevant steps for the development of partnership with commercial banks by organizing workshops with representatives of bank branches in order to set the best ways of joining efforts. Such initiative shall be applied throughout the year, with the first meeting in place early this week in Craiova. […]<\/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-1946","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\n