The three new units will operate the same as the other units owned by the bank, namely, without back office services and with three employees resorting to direct sale methods, at companies’ headquarters.
EximBank’s financial instruments target exclusively the corporate segment and can be accessed under advantageous conditions by any type of commercial company, either a small and medium-sized enterprise (SME) or a large company carrying out international transactions or targeting only the local market. Since it acts as a state agent on the Romanian guarantee and insurance market, EximBank is the main channel through which public funds, put up at disposal by the Romanian state, are pumped into the real economy.
EximBank strengthened its foothold on the banking market, managing to climb to the 15th spot in a ranking of local banks in 2017, with assets of RON5.5 billion and a 1.3% market share. The evolution is backed by a complex process of modernizing and adapting its products and services to the current banking standards and practices, a process implemented over the last five years. By comparison, in 2013, EximBank ranked 20th in the local banking system, with assets of RON3.9 billion.