Eximbanka, through its banking and insurance activities, supported exports in 2023 in the total amount of EUR 1 540.0 million. According to the year-end data, Eximbank’s equity exposure (sum of banking and insurance exposure) in 2023 amounted to EUR 1,140.8 million, which represents one of the highest values during Eximbank’s existence and an increase of 16.0% compared to the previous year.
The total bank exposure as at 31 December 2023 from loans granted, guarantees issued and other receivables amounted to EUR 679.8 million, an increase of EUR 158.9 million, i.e. 30.5%, compared to 2022.
The total insurance exposure from the insurance of marketable and non-marketable risks amounted to EUR 461.0 million in 2023, a decrease of EUR 1.8 million, i.e. 0.4%, compared to 2022.
Eximbank’s net income from banking activities in 2023 amounted to EUR 26.6 million with a year-on-year increase of 44.6%. This increase is mainly due to an increase in banking exposures, an increase in interest income as well as changes in the terms and conditions of certain contractual relationships. Net income related to insurance and reinsurance activities amounted to almost EUR 5 million for 2023 and Eximbank achieved a 56.2% year-on-year increase compared to 2022.
Eximbank’s result for 2023 amounted to EUR 8.7 million, which represents a significant year-on-year increase compared to the result for 2022 (EUR 708 thousand).
“The year 2023 confirmed that Eximbanka is in good shape. We managed to stop the downward trend in equity exposure, start new business and acquire twice as many new clients as in 2022. The trend we expected was confirmed and we achieved one of the highest equity exposures with a year-on-year increase of 16.0%. At the same time, we recorded the highest operating income in Eximbank’s history, ” said Rastislav Podhorec, CEO of Eximbank.
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ABOUT EXIMBANK SR
As the only direct instrument of the state for financing exports, EXIMBANKA SR is an important part of the chain responsible for promoting the country’s economic policy in the field of external economic relations. It is an important instrument of state support for exports in the field of financing, provision of guarantees and insurance of credit risks. It offers a wide range of export-related financial products, in particular credit insurance, financing and guarantees. As a state export credit agency, it enables Slovak exporters to enter into trade and investment relations where the commercial financial sector is less interested in taking on risk and therefore performs a complementary function.
Martina Vráblik Solčányiová
EXIMBANKA SR
Communications and Marketing Department
Tel: +421 903 542 072
Photo source: Eximbanka