Eximbank to support Slovak exports by SKK66 bn in 2005.


Slovakia’s Eximbank plans to support Slovak exports by SKK66bn next year to what presents 7.3 per cent of a total estimated export.

Support of export by loan financing and giving credit guarantees is planned to be at SKK47.5bn. Eximbank wants to focus on export support of small-and medium-sized enterprises (SMEs).

Insurance and reinsurance of export activities will sustain export of a total value SKK18.5bn in 2005. It is expected that the majority of insured exports will go to Poland, Czech Republic, Romania, Hungary, than Italy, Germany, USA and to Russia and Ukraine too.

Eximbank’s budget proposal estimates the total volume of assets to be SKK7,195bn. Compared to 2004 an increase of 1.9 per cent (SKK135 bn) is expected. Taking into account the development of budgeted costs and revenues, Eximbank is predicted to achieve a profit after tax of SKK 37,230bn next year.

Source: Trend



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Posted on Nov 23, 2004
Region: Slovakia