The dividends corresponding to the state’s stock in Eximbank will be paid to the state budget within five days of being distributed, says an emergency ordinance approved Thursday evening. The Government argues that it is “imperative” to increase state revenue, because of the extended economic-financial crisis.
The Government also says the measure is needed to continue investments and meet its job creation objectives, in line with the strategy for economic growth for the next years.
EximBank’s gross profit in the first six months was about 45 million lei (over EUR10 million), 80% up on the year. In 2010, EximBank’s net profit increased by around 60%, to RON75 million, ranking the bank among the top ten lenders in Romania by profit, while assets grew by almost 5%, to RON3.5 billion.
The state owns 95.37% of the bank’s stock.