EximBank halves commissions

The adopted measures are part of the EximBank strategy to endorse Romanian companies, mainly small and medium-sized enterprises, and exporters and set up the prerequisites for the conclusion of partnerships with institutions of the state and representative associations of the business climate.

'The incumbent context of the financial banking market compels more than ever EximBank, bank running on a majority state-owned capital, to be among the first institutions to find solutions due to contribute to the restoration of the balance on the market. Only by a responsible attitude by all the bodies which have a say, we will manage to go through this period well,' said Carmen Radu, CEO of EximBank.

EximBank stresses that business operators can access loans with subsidized interest rate (by 5 percent lower than the interest rate of the market), the guarantee for small and medium-sized enterprises accounting for up to 80 percent of the value of the loan, irrespective of the currency the loan is extended, the insurance of the risk of non-payment and the assurance of the currency exchange rate, a product which protects the revenues in euros and dollars from the exports made against unfavourable fluctuations of the exchange rate, therefore helping exporters to cope more easily with effects of the current global economic crisis.

At present, EximBank has a network made up of nine branches, situated in Bucharest, Bacau, Constanta, Cluj, Craiova, Timisoara and Oradea and two agencies in Deva and Alba-Iulia.