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EXIMBANKA SR ITS ACTIVITIES AND DEVELOPMENT

EXIMBANKA SR ITS ACTIVITIES AND DEVELOPMENT. 1. Status and Mission. Export Credit Agency of the Slovak Republic Established in 1997 by the Act 80/1997 Coll. as amended Support of Slovak exporters and producers by insuring and granting of export credits and issuing bank guarantees.

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EXIMBANKA SR ITS ACTIVITIES AND DEVELOPMENT

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  1. EXIMBANKA SR ITS ACTIVITIES AND DEVELOPMENT 1

  2. Status and Mission • Export Credit Agency of the Slovak Republic • Established in 1997 by the Act 80/1997 Coll. as amended • Support of Slovak exporters and producers by insuring and granting of export credits and issuing bank guarantees

  3. Main Characteristics • Ownership: 100% owned by the Slovak state • Supervisory body: Ministry of Finance • Moody’s rating: A1/P-1 stable outlook • Registered capital: EUR 100 million 3

  4. International Co-operation • Member of the Berne Union since 2006 • Member of the Prague Club • Participant to the OECD Arrangementon Officially Supported Export Credits on behalf of the Slovak Republic • Meetings of Export Credit Group in Brussels • 46Co-operation Agreements signed with ECAs and commercial banks • Credit Alliance Member 4

  5. Organizational Structure Governing bodies • The Bank Board • The Supervisory Board • CEO • Division of CEO • Banking Division • Insurance Division • Financial-Economic Division

  6. Compliance with OECD Consensus EXIMBANKA SR performs its activities in the field of medium and long-term export credits in compliance with the OECD Consensus: • Repayment terms • Local costs • Advance-payment • Minimum premium rates, etc. EXIMBANKA SR has implemented into its banking and insurance conditions: • Environmental impacts approach • Anti-bribery measures • Other rules and regulations agreed among the Participants

  7. Short-Term Insurance Products Export credits - against commercial risk - against political risk - against comprehensive risk Domestic credits - against commercial risk Insurance of a confirmed irrevocable documentary Letter of Credit 7

  8. Medium and Long-Term Insurance Products • Insurance of medium and long-term export credits • insurance of supplier’s credit against political and commercial risk • insurance of buyer‘s credit against political and commercial risk • Insurance of production risk • Insurance of supplier's credit for production in case of supplier's inability to fulfill the export contract • Insurance of export guarantees tender bonds, advance payment bonds, maintenance bonds, retention-money bonds against unfair and fair calling • Insurance of pre-export financing against the inability to repay loan

  9. Investment Insurance • Insurance of foreign investment of Slovak legal entities against political risk • Insurance of credit related to foreign investment of Slovak legal entities against political and commercial risk

  10. Banking Products • Refinancing loans • Financing and co-financing of medium and long-term credits • Bill of exchange credits -debt collecting • Direct credits to exporters • Credit for investment abroad • Guarantee products: • payment bank guarantees: bankguarantee for technologies, bank guarantee for export financing • non-payment bank bonds: tender bond, performance bond, advance payment bond, retention-money bond, warranty bond 10

  11. Share of EXIMBANKA SR on Slovak Export Decrease of export supported by EXIMBANKASR mostly mirrored the slowdown in the Slovak export. 11

  12. Exports Supported by Banking and Insurance Activities 12

  13. Territorial Structureof Exports Supported by Banking and Insurance Activities 13

  14. Commodity Structureof Exports Supported by Banking and Insurance Activities 14

  15. Support by Insurance Activities 15

  16. Selected Indicators of Banking Activitiesof Export Supported • Annual increase in banking guarantees by 9,5 % as well as in direct client's credits by 33 % 16

  17. Main Goals for 2010 Year • Territorial “re-orientation“ on territories with higher potential of growth and higher level of political risk • Medium and long-term direct financing • Concentration on non-marketable insurance • Increase involvement in the small and medium enterprises segment • Boost support of exports of goods and services with higher value added • Complex approach to exporters´ needs

  18. New/Enhanced Products and Schemes • Project financing • Support for new investments abroad (credits, insurance) • Re-exports • Reconstruction and modernization of existing investments • Structured co-financing • Direct and indirect buyers´credits • Credit syndicates

  19. Thank you www.eximbanka.skinfo@eximbanka.sk EXPORT - IMPORT BANK OF THE SLOVAK REPUBLIC Grösslingova 1, 813 50 Bratislava Slovak Republic Tel: +421 2 59 398 205 +421 2 59 398 603 Fax: +421 2 52965 624 19

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