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February 9, 2023

EximBank closes H1 with gross profit of RON 35 M

Also during the first half of the year, EximBank continued to consolidate its position on the corporate banking market in Romania, posting a gross profit of RON 35 M. ‘The results after six months are excellent and were first of all generated by the bank’s strategic decisions to become more actively engaged in the economy by financing and guaranteeing projects implemented by SMEs and large companies. The increase of exposure to non-bank customers by approximately EUR 700 M in the difficult crisis conditions offset the slow-down in the financing activity of foreign banks as well as a confirmation of the fact that Romania needs strong local banks, able to support economic growth’, said EximBank President Ionut Costea in a release.
The bank’s results in H1, double compared to the budgeted ones, were obtained thanks to both the aggressive development of commercial activity and, as a consequence, by obtaining additional revenue (especially from interest and commissions), and a strict expenditure control, especially of risk cost. ‘The encouraging thing is that, in the context of an accelerated lending activity in the last few years, I believe we are the only bank in the system that did not close 2011 with provisions expenditures, but with revenue of approximately RON 6 M, which reflects a healthy development of our client portfolio’, said Ionut Costea. The EximBank official added that, considering the fact that the objective regarding the implementation of internal flows based on corporate principle has been fulfilled, the bank’s strategy for the following four years is to double its number of customers.

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