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January 23, 2022

EximBank, almost RON 50 M net profit in 2013

EximBank has registered at the end of 2013 almost RON 50 M net profit, a figure four times higher as compared to 2012, following the increase of commercial activity and more efficient resources management, as per the preliminary financial reports.  „(…) The business model that we have implemented – focused on continuous increase of the quality of our activity – proves to be efficient and I would only give one indicator – the total exposure of the bank which is higher by 30 percent as compared to last year, up to RON 5 bln, operating an extended network but with 10 percent less staff. ”, said Traian Halalai, President of EximBank in a press release. According to him, the bank’s exposure on the financing/crediting segment increased last year with 60 percent as compared to December 2012, up to almost RON 2 bln, at a higher pace than the guarantees business line. The EximBank representative mentioned that, in terms of strategy, the focus in 2013 has moved from state titles acquisitions to financing the economy and the bank will continue its role on this segment, by accelerating the crediting activity. He added that the network expansion process will continue – having as target that by the end of 2014, EximBank operates with 20 units as compared to 12 units at the end of 2012, along with the optimization of the network running costs, by reducing administrative expenses by relocation of some units. Another important point for EximBank’s 2014 agenda is continuing the direct communication process with the business community that will be implemented on two levels. One level is represented by the direct meetings with local business communities in the country whilst on the other one the bank will be involved in developing the Romanian Association of Exporters – AREX.

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