Jiru told a conference organized by the Council of Banking Employers in Romania that the state opted for turning an already existing bank into a development bank as EximBank benefits from local experience and its expansion does not involve money from the state budget, which would have been necessary for the construction of a new entity.
The government will use the model of the Polish development bank after the representatives of EximBank, Finance Ministry and European Funds Ministry paid a working visit to Poland in March.
Jiru added that the Romanian state holds a risk capital in EximBank, which will be further supplemented.
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.