About us  Contact  Site Map   Login   

HomeInsurance marketEventsPublicationsXPRIMM TV  
 Insurance Brokers 
 Interview of the week 

Financial News


EXIMBANK activity on behalf of the state rose by 40 pc in 2010

EXIMBANK's activity on behalf of the state rose by nearly 40 pc in 2010, compared to the end of 2009, while the total volume of contracts (loans, guarantees and insurance) is about four times larger than in 2008. "In the course of the last year, the bank reported significant rises on all categories of products offered on behalf of the state, and the most significant rise, compared to December 2009, namely, 162 pc, was reported on the insurance segment. 2010 saw a substantial rise in exposure on insurance against risks of default for non-market risks, with a large contribution from exposures on the Russian Federation", Ionut COSTEA, CEO of EXIMBANK, stated, in a press release. He added that, at the same time, loans had risen by nearly 30 pc, and guarantees by 33 pc.

With net earnings of nearly RON 75 million in 2010, slumping by 44 pc compared to 2009, and assets rising by nearly 5 pc, at RON 3.4 billion, EXIMBANK managed to make it among Romania's ten most lucrative banks. These results are over 60 pc above the level targeted in last year's expenditure and revenue budget, which had been similar to the 2009 figures. "The guarantees sector had the most striking dynamics, reaching a RON 1.03 billion-threshold, four times higher than the 2008 level", the EXIMBANK official further argued.

Published on 03.05.2011

Comment this article

Atention! "Comment" and "E-mail" are mandatory
If you are not logged on, your name will appear preceded by '(Anonymous)'. For authentication, click here
If you are logged on and you do not fill in your name, will be used the name that you used when you registered

< 10.000 car.

  Security code
Fill in the code from the image:

Copyright 2023 (c) 1asig.ro
powered by Media XPRIMM