Exim Banca Romaneasca
Last updated on 24 Feb 2024
Key facts
A stock company with the Romanian state as a major shareholder that supports the Romanian economy as a commercial bank and State agent in supporting and promoting Romanian companies.
PRIVATE
1992
Credit rating (sovereign) (S&P)
BBB-
BBB-
Foreign currency
Local currency
Country trade data
2021 top export sectors
Machinery/electrical
29%
Transportation
16%
Metals
11%
Vegetable products
8%
Plastics or rubber
6%
2022 export destinations
Financing modalities
`
Up to 95%
Products
- Eligible companies:
- SMEs with annual export turnover of less than EUR 2 million
- All exporters with single foreign buyer
- Cover: Up to 95% loss due to commercial or political events
- Tenor: From 181 days to 2 years (renewable)
- Policy may be used as a collateral to fund exports
- Premium: According to risk category
- Insurance for performance letters of guarantee
- Cover: Up to 95% of the total export contract value for commercial and political risks
- Tenor: Matches guarantee tenor
- Available to Romanian exporters with committed medium and long-term export contracts signed with foreign partners
- Tenor: Up to 2 years (renewable)
- Available to a foreign buyer or their bank for the deferred payment of imported goods and services
- Cover: Up to 95% of the export contract value for commercial, political, and force majeure
- Tenor: At least 2 years
- Currency: RON or foreign currency, depending on that of the credit convention
- Cover: Up to 90% of the investment project value for political risk only
- Tenor: Up to 15 years
- The policy covers export credits in sectors that significantly contribute to reducing the impact of climate change, including sustainable energy, greenhouse gas emission reduction, high-energy efficiency projects, and adaptation to climate change.
- Cover: 95%
- Insurance period: ranging from 2 to 22 years, depending on the nature, sector, and impact of export projects
- Currency: local currency or foreign currency
- As a full service bank, Exim Banca Romaneasca provide many additional financial products for individuals and businesses
Policies
- Due diligence required for all export projects with repayment tenor of at least 2 years
- Romanian exporters’ applications for tenor of at least 2 years requires an environmental and social impact questionnaire
News
- 2024: Exim Banca Romaneasca launches Green Insurance for exporters involved in projects contributing to reducing the impact of climate change
- 2023: Exim Banca Romaneasca grants investment loans to SMEs on advantageous terms, in partnership with the European Investment Bank
