Romania's EximBank registers gross profit of EUR 7.8 million in six months

Romanian lender EximBank managed to consolidate in the first part of this year its position on the corporate bank market in Romania with a gross profit of EUR 7.8 million, the bank announced.

According to the bank, the maintaining of profits was achieved via the financing and guarantee of SMEs and the big companies. "The increased exposure to non-bank consumers with almost EUR 700 million in the difficult conditions of the crisis represents a braking counterbalance of the foreign bank activity and also a confirmation of the fact that Romania needs powerful local banks that can sustain the economy”, said EximBank CEO Ionut Costea (in picture). The bank's results in the first quarter, double those projected, were obtained due to the aggressive growth of the business and therefore by realizing additional income (including interest and fees), but also through strict control of costs , especially risk cost. EximBank is a state-owned bank that offers financing, guarantees and insurance for companies with export activities and SMEs, among others. Ioana Toader, ioana.toader@romania-insider.com (photo source: EximBank)