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Bucharest
September 29, 2022
BUSINESS

EximBank expands its network with a new agency in Galati

EximBank opened a new agency in Galati aiming at bringing closer its product portfolio consisting in financing, guarantees and insurance products to the companies located in Galati and Braila counties.

”The present stage of development of the Bank makes the expansion of the geographical coverage necessary, both for facilitating the access of the companies to the products we are offering and for the organic development of the Bank. We do believe that we are now in the position to play a key role in the economic environment and this is why we started expanding our network. The agency in Galati – the fourth Romanian industrial center – has as a main objective to contribute to the development of an area that might become a commercial Eastern gate for the European Union in relationship with former soviet countries”, declared Traian Halalai, President of EximBank.

The new EximBank premises are located in Galati, Piata Siderurgistilor, Block PS1b, having the working hours between 9 and 5 pm.

The agency in Galati adds to the other 12 territorial units of EximBank located in Bucharest, Bacau, Brasov, Buzau, Cluj, Constanta, Craiova, Oradea, Timisoara, Deva, Iasi and Sibiu; interested companies may also access www.eximbank.ro.

”Our future strategy comprises a continuous process of network expansion, focusing on the geographical areas with intense production activity, foreign commercial exchanges or well developed business environment. We intend to work with agencies with a low number of staff (in Galati we have 3 employees), no back office activities, focusing on direct sales to the clients’ premises. We are targeting any type of company, whether SMEs or big ones, exporters or active solely on the internal markets added the President of EximBank.

EximBank is a specialized institution whose threefold product portfolio focused on financing, guarantee and insurance, enables it to grant assistance to current activities and development of exporters, SME-s and companies involved in projects pertaining to key economic sectors, particularly those contributing to the absorption of EU funds.

The financing package offered by the bank consists in standard financing for current activity or investments and specific products under the state aid category: subsidized interest rate loans (the interest rate is five percent points lower than the market and fixed during the financing period) and partial compensation of the interest rate that allows recovering up to 50% of the interest rate paid for the investment credits contracted in Lei from any commercial bank, including EximBank.

State guarantees offered by EximBank support the companies that need financing but cannot present enough collateral guarantees. The guarantees issued by EximBank take over a significant part of the credit risk facilitating the access to financing products.

In terms of insurance, EximBank covers the commercial and political risks that might be incurred by the international commercial transactions or by the investments activities of the Romanian companies abroad.

EximBank is also offering the Commercial and credit information about the business partners allowing any company to get to know its future business partners before concluding a commercial contract.

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