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September 25, 2021

EximBank ready to take over development bank prerogatives

EximBank is getting ready to take over the specific prerogatives of a development bank, a move that will enhance its involvement in the European funds domain and in obtaining a principle role in implementing national and regional infrastructure development projects, EximBank President Traian Halalai stated in a press release.

He underscored the fact that the development bank project does not entail the setting up of a new entity, but only an expansion of EximBank’s prerogatives by including prerogatives that are specific to development banks.

“We are prepared to take this role in financing and developing the economy, and EximBank has all the trump cards in order to implement the operations that are specific to a development bank: we have a solid business that has generated profit each year, an improved assets structure and high solvency, plus a team of professionals capable of implementing and managing this project. Until then however, companies can continue to call on the products that EximBank offers for projects financed with European funds, namely co-financing loans, pre-financing loans and comfort letters,” the EximBank President added.

Likewise, he pointed out that the value of the facilities offered by the bank over the last two years for the backing of projects that benefit from European Union funds totals almost RON 300 M.


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