State-owned lender EximBank posted a net profit of EUR 9 million in the first six months of this year, up by 26% year-on-year. The growth was fueled by the expansion of its product portfolio and territorial coverage.

The bank’s assets increased by EUR 39.1 million in this period, or 4% compared to the level recorded at the end of last year. The new exposures granted during the first six months of this year totaled over EUR 135 million, up 5% year-on-year.

The bank also reduced the non-performing loans rate to 3.3% versus 8.9% in June 2014. By comparison, the local banking system recorded an aggregate non-performing loans rate of 13% at the end of June this year.

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