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.

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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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