BANCI | ENGLISH

EximBank is encouraging the commercial banks to use extensively the state guarantees

Autor: Bancherul.ro
2016-04-14 10:10

Almost 50 representatives of the executive and operational management of the commercial banks have participated yesterday to a meeting organized by EximBank aiming at identifying new cooperation opportunities in order to increase the usage of state guarantees and insurance products for the direct benefit of the local entrepreneurs, said the bank in a statement.

EximBank is acting as sole state agent on the Romanian market for guarantees and insurance, having in its portfolio products that on one side are facilitating companies’ access to financing needed for development, innovate or create new employment and at the same time allow partner banks to accelerate the crediting activity having a consistent risk coverage for the respective credits.

The bank has recently launched a new guarantee product – the SMEs Guarantees Facility, that enables EximBank to make available a 200 Million lei guarantees facility to be used this year by the local commercial banks for financing the small and medium enterprises.

”The guarantees issued by the Romanian state through EximBank represent an extraordinary and accessible resource that we believe companies and mostly the banks should explore more. We have decided to organize this meeting especially for identifying the ways of energizing our partnerships with the commercial banks so that we can increase the usage of these instruments that have a double positive impact. We refer to sovereign guarantees, a tool that eases up the companies’ access to banking products under low risk conditions for the banks.”, said Traian Halalai, Executive President of EximBank.

Any commercial bank can now conclude an agreement for the SME Guarantees Facility with EximBank, thus benefiting from a state guarantee facility allowing EximBank to issue state guarantees up to a certain limit for the financing facilities granted by the partner bank to SMEs for investments and / or current activity. The risk coverage for the state guarantees issued by EximBank within the Facility varies as per the scope of financing, maximum 80% for the investment credits and maximum 70% for the credits granted for financing current activity.

Also, the commercial banks may access the counter guarantee under the state name and account, a product that allows EximBank to guarantee a maximum of 80% of the banking guarantee letters issued by the financial institutions for investment projects in priority economic domains. The counter guarantee is issued for the banking guarantee letters for bidding participation, advance payment reimbursement, good execution or other types of LBG requested under internal or exports contracts and follows the currency of the LBG or guarantee facility.

Comentarii

Adauga un comentariu

Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH

Merger of Alpha Bank and UniCredit Bank Romania

Press Release: "Alpha Services and Holdings announces a strategic partnership with UniCredit in Romania Merger of Alpha Bank Romania and UniCredit Bank Romania and creation of third largest bank in Romania by total assets, with Alpha Bank retaining a detalii

National Bank of Romania (NBR) Board decisions on monetary policy

NBR Board decisions on monetary policy In its meeting of 4 April 2023, the Board of the National Bank of Romania decided: • to keep the monetary policy rate at 7.00 percent per annum; • to leave unchanged the lending (Lombard) facility rate at 8.00 percent per annum and the deposit facility rate at 6.00 percent per annum; • to keep the existing levels of minimum reserve requirement ratios on both leu- and foreign currency-denominated liabilities of credit institutions. The annual inflation rate went down to 15.52 percent in February 2023, from 16.37 percent in December 2022, relatively in line with forecasts. The decrease was mainly driven by the sizeable drop in the dynamics of fuel and detalii

ING posts 2022 net result of €3,674 million, dividend of €0.389 per share

ING press release: ING posts FY2022 net result of €3,674 million,
proposed final 2022 dividend of €0.389 per share

4Q2022 profit before tax of €1,711 million; CET1 ratio remains strong at 14.5%
•
Profit before tax up 29% on 4Q2021 and 24% on 3Q2022, mainly driven by higher income
•
Higher net interest income, as a further increase in liability margins helped offset TLTRO impact this quarter
•
Risk costs declined to 17 bps of average customer lending

Full-year 2022 net result of €3,674 million, supported by growing customer base and increase in lending and deposits
•
On a full-year basis, our primary customer base grew by 585,000 detalii

BT Financial Results as at 30 September 2022

BT Financial Results as at 30 September 2022 Banca Transilvania – sustained growth in customers and operations during the first nine months of the year "We continued our robust growth in the number of clients and transactions, with a dynamic well above the market average. We have been growing steadily and continued financing companies and individuals, despite the fact that the financial market is more fraught with uncertainty than ever and
the funding costs and capital requirements are additional factors driving the uncertainty in the economy. We remain committed to our objective - to be the main supporter of the economy and of the state for the development of Romania", states Mr. Ӧmer Tetik, Chief Executive detalii

Vezi toate stirile

23.11.2024

1 EUR = lei
1 USD = lei

Sursa BNR

Profil de Bancher

Cristina Jinga, Junior cards officer acquiring
Piraeus Bank

... vezi profil

Toate Profilele

Profil de Banca

CEC Bank

vezi detalii

Toate Bancile

Filmul Parking, un cliseu plictisitor

Toate stirile

ING Bank

Toate stirile

Ultimele Comentarii

!
Greu cu limba romana! Ce legatura are cuvantul "ecosistem" din limba romana cu sistemul de plati ... detalii
Bancnote vechi
Am 2 bancnote vechi:1-1000000lei;2-5000000lei Anul ... detalii
Bancnote vechi
Numar de ... detalii
Bancnote vechi
Am 3 bancnote vechi:1-1000000lei;1-5000lei;1-100000;mai multe bancnote cu eclipsa de ... detalii
Schimbare numar telefon Raiffeisen
Puteti schimba numarul de telefon la Raiffeisen din aplicatia Smart Mobile/Raiffeisen Online, ... detalii

Nume	*
E-mail	*
E-mail prieten	*
Mesaj
Cod validare	*
	Tastati codul din imagine (doar cifre)
	195.154.184.126