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EximBank Reports Nearly EUR110M Turnover From Factoring Operations In 2016

Romania’s state-run lender EximBank registered a turnover of nearly EUR110 million from factoring operations in 2016, up 76% on the year, climbing two spots versus 2015, to the second position, among exports factors in Romania.
EximBank Reports Nearly EUR110M Turnover From Factoring Operations In 2016
Ecaterina Craciun
15 mai 2017, 14:54, English

In 2016, EximBank clients mainly targeted external factoring without regress – which implies assuming the risk in relation with external debtors (importers), with the risk being fully covered by the import factor or by an insurance company/bank – accounting for 90% of total turnover.

Most companies choosing EximBank as partner operate in the metals/chemicals, automotive, machines, equipment and power sectors.

Founded in 1992, export-import lender EximBank offers financing, bank guarantees and insurance products to Romanian companies, particularly SMEs and companies developing EU-funded projects.

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