{"id":2528,"date":"2018-03-14T12:56:13","date_gmt":"2018-03-14T09:56:13","guid":{"rendered":"http:\/\/www.eximbank.ro\/en\/?p=2528"},"modified":"2018-03-14T12:56:13","modified_gmt":"2018-03-14T09:56:13","slug":"eximbank-structures-one-of-the-most-complex-support-facilities-for-romanian-exports","status":"publish","type":"post","link":"https:\/\/www.eximbank.ro\/en\/2018\/03\/14\/eximbank-structures-one-of-the-most-complex-support-facilities-for-romanian-exports\/","title":{"rendered":"EximBank structures one of the most complex support facilities for Romanian exports"},"content":{"rendered":"

Bucharest,\u00a0 14 March, 2018 \u2013 <\/strong>EximBank has structured one of the largest and most complex support facilities for Romanian exports by insuring and arranging a syndicate financing that along with the facilities offered by European Bank for Reconstruction and Development (EBRD) and Black Sea Trade and Development Bank, allow the implementation of a vast Romanian export project \u2013 amounting at 88.2 Million USD, in Greece.<\/p>\n

The export project belongs to GSP Holding, \u00a0is part of the investment program implemented by the Greek company Energean Oil&Gas for exploring and producing hydrocarbons and will consist in engineering services, acquisitions, contractor works, installation of underwater pipelines, exploitation works of petrol fields\u2019 platforms and oil drilling works in Prinos area in Aegean Sea on the Greek continental platform.<\/p>\n

The EximBank support for this project consists in two facilities \u2013 buyer credit and the insurance in the name and on behalf of the state\u2013 two components that sustain the Romanian authorities in their efforts to promote and expand the local companies\u2019 projects, in compliance with the European best practices in international transactions\u2019 support.<\/p>\n

Thus, EximBank has initiated and coordinated a syndicate financing by granting a buyer credit amounting at 75 Million USD, as a segment of the total financing of 180 Million USD granted in partnership with EBRD and Black Sea Trade and Development Bank to Energean Oil &Gas. Within the syndicate, EximBank has teamed up with Intesa Sanpaolo Bank Romania, allocating 25 Million USD, for Energean Oil& Gas to use exclusively for buying the Romanian goods and services. \u00a0The bank has also issued a buyer credit insurance policy in the name and on the behalf of the state amounting at 71, 2 Million USD.<\/p>\n

\u201dBy structuring this complex facility, for one of the highest amounts up until now, EximBank amplifies its role as a supporter of Romanian exports with significant impact both for the exporter and the macroeconomic background. In our perspective this is a complete transaction because it underlines all our competitive advantages, allowing the bank to reach its strategic targets: supporting Romanian companies, especially the ones interested in expanding their operations on other markets and vast projects in priority economic domains with significant added value \u2013 implementation of this project involves new employment and using Romanian products from other local companies. In a whole, this export project has an 80% national content\u201d, said Traian Halalai, Executive President of EximBank.<\/p>\n

Paul Ichim, Executive Vice-president of the bank, coordinating the commercial activity added that this is only one \u00a0sample of EximBank\u2019s capacity in supporting Romanian exporters and international complex transactions through its complex financial instruments similar to the ones offered by any Export Credit Agency and of the bank\u2019s flexibility in in structuring tailored facilities for each specific transaction.<\/p>\n

\u201dEximBank is a pioneering bank in Romania in terms of structuring financial facilities for complex projects implemented by local companies abroad and we are looking forward to more and more banks active on the market to start offering financing for Romanian companies willing to access international transactions, especially considering the support that EximBank is offering in its capacity of Export Credit Agency\u201d, added the bank\u2019s representative.<\/p>\n

EximBank is a specialized institution actively involved for more than 25 years in supporting and promoting Romanian business environment. Its specific financial instruments are targeted exclusively to corporate segment and offered in advantageous terms to any type of company \u2013 SME, big company, involved in international transactions or only active on local market.<\/p>\n

The companies benefit from a competitive portfolio of treasury, cash management, trade finance and factoring products, that add on to the financing and guarantees products. In addition, acting under the Romanian State mandate on the Romanian market of insurance and state guarantees, EximBank is the main channel for the state funds to be directed towards the real economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bucharest,\u00a0 14 March, 2018 \u2013 EximBank has structured one of the largest and most complex support facilities for Romanian exports by insuring and arranging a syndicate financing that along with the facilities offered by European Bank for Reconstruction and Development (EBRD) and Black Sea Trade and Development Bank, allow the implementation of a vast Romanian […]<\/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-2528","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"\nEximBank structures one of the most complex support facilities for Romanian exports - Exim - Banca Romaneasca<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.eximbank.ro\/en\/2018\/03\/14\/eximbank-structures-one-of-the-most-complex-support-facilities-for-romanian-exports\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EximBank structures one of the most complex support facilities for Romanian exports - 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