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Eximbank Hungary Plc

Mission statement:

The mission of Eximbank is to enable Hungarian companies – whether small or large – to take their export opportunities by assisting in financing the export of Hungarian goods and services.

The export financing products and services of Eximbank are alternative of complementary tools intended to fill the gaps in trade finance created by the lack of ability or willingness of commercial banks to absorb risks.

Thus Eximbank does not compete with private sector banks but rather promotes and support such export transactions that otherwise could not be realised and improves the competitiveness of Hungarian exporters, thereby helping to maintain and create jobs in Hungary and to strengthening the national economy.

Overview:

The Hungarian Export Import Bank Private Company Limited (“Eximbank”) is a specialised credit institution wholly owned by the Hungarian State. Its shareholders are the Hungarian Development Bank Plc. (“MFB”) (75% less 1 vote) and the Hungarian State (25% plus 1 vote) provided that the exercising of the shareholder’s rights of the Hungarian State are vested into MFB. Eximbank operates as a member of the MFB Group.

Eximbank is a legal entity, registered under No 01-10-042594 by the Capital Court in Hungary. Its registered capital amounts to HUF 10.1 billion provided that its borrowings are fully guaranteed by the Hungarian State by the provision of applicable law. According to the prevailing budgetary act the maximum amount of such state guarantee is HUF 320 billion.

Eximbank – together with the Hungarian Export Insurance Private Company Limited (“MEHIB”) – was established by the Act No XLII of 1994 with the main objective to facilitate the sale of Hungarian goods and services to international markets. Eximbank started its activities on May 26, 1994.

In Hungary, the scope of activities of an export credit agency is split between Eximbank and MEHIB. Eximbank is engaged in export financing (both direct and indirect, and both pre- and post-shipment) and export guarantees (both loan and commercial), while MEHIB provides export credit insurance.

Swift/BIC: HEXIHUHB

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