September 24, 2018

The European Association Of Public Banks Welcomes EximBank To The Club

A release from EximBank reads that the bank has become a member of the European Association of Public Banks (EAPB). The bank’s president, Ionut Costea, believes that through this partnership, EximBank is getting closer to European Institutions. This facilitates the opening of an important information channel to meet the bank’s goal of backing the companies in their attempt to draw European money. EAPB is an association which brings together both banking institutions with European representation, such as Erste Bank or DEXIA, and institutions similar to EximBank: Bulgarian Development Bank, Hungarian Export-Import Bank, Bank Gospodarstwa Krajowego of Poland, Slovene Export and Development Bank. EAPB’s objectives are promotion and intensification of mutual information, experience exchange and communication between members in banking and financial legislation, European economic and fiscal policy.  EximBank created a package of products to back the companies and public authorities that have projects financed with structural funds. This package includes loans for co-financing and pre-financing and also non-binding letters of intent or guarantees. Through these products, EximBank may be able to cover up to 100% the financing demands specific to the projects unfolded on European money.

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