Institution details
EXIM R - Eximbank of Romania (Romania Eximbank)
Key facts
- Established in 1992
- Ownership: Private
Not Part of the OECD
Part of the Berne Union
- 6A, Barbu Delavrancea St.
- +40 21 405 30 96
- https://www.eximbank.ro
Latest update: 03/12/2021
rating type | rating agency | type | rating |
---|---|---|---|
Institution rating | S&P | Foreign currency | BBB- |
Country rating | S&P | Local currency | BBB- |
Products
- Buyer credit
- Short-term supplier credit
- Medium- and long-term supplier credit
Buyer credit
- 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
Short-term supplier credit
- Eligible companies:
- SMEs with annual export turnover of less than EUR 2 million
- All exporters with single foreign buyer - Cover: Up to 85% 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:
- Excellent : 0.51%–1.299%
- Good; 0.825%–2.049%
- Satisfactory: 1.575%–4.149%
- Poor: 3.675%–7.449%
- Insurance for performance letters of guarantee
- Cover: Up to 85% of the total export contract value for commercial and political risks
- Tenor: Matches guarantee tenor
Medium- and long-term supplier credit
- Available to Romanian exporters with committed medium- and long-term export contracts signed with foreign partners
- Cover: Up to 85% of the losses incurred due to commercial, political, or force majeure events
- Tenor: Up to 2 years (renewable)
- Insurance for Romanian capital investment abroad
- Cover: Up to 90% of the investment project value for political risk only
- Tenor: Up to 15 years
Modality | Tenor | Cover type | coverage |
---|---|---|---|
Buyer credit | Medium/long-term | Comprehensive | 95% |
Supplier credit | Short/medium/long-term | Comprehensive | 85%-90% |
Performance highlights
What's new?
- The agency opened a new office in Stratu Mare
- The agency reported a turnover of almost EUR 162 million from factoring operations in 2017
- 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