about us | newsletter | contact | archive | members area
"All our business lines increased by 24 per cent in the first half of this year"
David Gedlicka, Porsche Finance Group»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

EximBank boosts profit to RON 50 mln in 2013

EximBank has registered at the end of 2013 almost 50 million lei net profit, a figure four times higher as compared to2012, following the increase of commercial activity and more efficient resources management, as per the preliminary financial reports.

2014-02-25 11:29:18

"The ascending trend of the financial indicators of EximBank clearly states the accuracy of the business principles that founded our strategic thinking. 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% as compared to last year, up to 5 billion lei, operating an extended network but with 10% less staff," said Traian Halalai, President of EximBank.

In order to facilitate the companies' access to its products as well as to support the organic development of the bank, during last year, EximBank has opened new agencies in Galati, Pitesti Ploiesti and Targu Mures.

"We do believe that it is important to underline the fact that the bank exposure on the financing and crediting segment increased last year with 60 per cent as compared to December 2012, up to almost 2 billion lei, at a higher pace than the guarantees business line. We have continued our active presence on the corporate financing segment and I consider this as an incentive for local companies in terms of convincing them that they don't have to wait for perfect conditions to develop their businesses but to approach us in order to support their plans. EximBank has both the capacity and the availability to go along with them for reaching relevant targets," added Traian Halalai.

During the last year, the bank has expanded its client portfolio, by closing deals with some of the most representative business players such as Alro, Antibiotice Iasi, Agricover IFN, Grup Servicii Petroliere, Adrem Invest or Romcab.

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.

"This year we will be looking closely at supporting the companies active in the production field and they will be a highly important business target for us. We will continue, of course, to support the actual and potential exporters. Summing up, our main objective will be identifying and supporting as many Romanian companies' projects," explained the President of EximBank.

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 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.

"AREX has been founded by 50 of the most important Romanian exporting companies and continues receiving membership requests from companies all over the country. The first procedures have been concluded, the documentation has been submitted and we expect that in two weeks' time to be receiving the "birth certificate" of AREX. We consider AREX as an alternative for the companies wishing to keep up with the market developments because it will focus on networking and know how transfer from the experienced exporters to the ones looking for a more consistent presence on external markets," explained Traian Halalai.

EximBank has started at the end of last year the project of establishing AREX, aiming at contributing to the promotion of Romanian companies involved in international commercial transactions and to the consolidation of Romanian presence on foreign markets.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  1417 Views
Daily Info
AFI Europe Romania posts net operating income of over 37 million Euro in the first nine months

AFI Europe Romania published its financial results, with the net operating income from its income producing assets in Romania of over 37 million Euro in the first nine months ...

Openville Timisoara to open in the fourth quarter of 2018

The Openville Timisoara development, the largest mixed-use project in the west of Romania will be opened in the fourth quarter of next year, upon completion of the first phase...

URBB posts record production figure in 2017

United Romanian Breweries Bereprod (URBB) registered a record production figure exceeding two million hectolitres for the period January-November 2017, representing a 10 per c...

Cristian Busu has been reappointed president of Electrica's board

Cristian Busu has been reappointed president of Electrica board, the electric energy supplier. He is a member of the board since 2014 and was chosen in this position during th...

Transelectrica inaugurated the Campia Turzii station, fully refurbished with 9 million Euro

Transelectrica inaugurated the 220/110/20 kV Campia Turzii (Cluj County) electricity station, after an investment of about 42 million RON (9 million Euro).

 
 
   
advertising

advertising

advertising

advertising

advertising

advertising

advertising

More on News
Minister Negrescu: Romania is profoundly pro-European, we will be even more significant after Brexit completion

Minister Delegate for European Affairs Victor Negrescu said on Thursday that Romania is a profoundly pro-European state and will become more significant after the Brexit pr...

Iohannis: A significant delay in tax measures would be required

President Klaus Iohannis said that a significant delay in the amendments to the tax legislation would be required, adding that the January 1, 2018 deadline for their applic...

Dragnea: Amendments to the tax code, code of tax procedure to pass under government ordinance

Amendments to the tax code and the code of tax procedure will pass under a government ordinance and will be unveiled after the government meeting, national leader of the So...

Iohannis: Romania has made progress with equal opportunities, needs to speed up gap bridging

Romania's President Klaus Iohannis said that although important progress has been made in Romania in terms of gender equality, the country needs to speed up bridging the ga...

PM Tudose: We will shortly come up with new form of split VAT collection

A new form of split VAT collection, which will respond to the requests made in this period by business representatives, will be presented shortly, Prime Minister Mihai Tudo...

Iohannis: Advanced presence on Eastern Flank must be reinforced, especially in Black Sea

President Klaus Iohannis stated on Monday that the advanced presence on NATO's Eastern Flank must be reinforced.

MAE requests Ukraine to adopt necessary measures so that Romanians learn in their mother tongue

The Foreign Affairs Ministry (MAE) announced that it will continue to take steps with the international authorities to signal the negative impact of the legislative amendme...