EximBank Reports Nearly EUR110M Turnover From Factoring Operations In 2016

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.