Eximbank: Rapid growth of assets to continue

MNB

State-owned Hungarian Eximbank expects its lending to expand and the growth of total assets continue, CEO Roland Natran announced in Budapest yesterday.

Total assets are seen to exceed HUF 600 mln at the end of this year and to reach HUF 1.1-1.2 trillion by the end of 2016, he said. Eximbank total assets stood at HUF 401 bln at the end of last year.

The bank will launch new credit programmes to promote the exports of SMEs while continuing its existing export support programme, he said. Lending to business supplying large companies is also important, he added.

Natran said 42% of the investors buying its $500 mln bond issued last week were based in the United States. 29% came from the United Kingdom, 7% from Switzerland, 5% from Hungary and 4% from Germany. The bonds expire on January 30, 2020, carry a fixed 4% yield and were sold at a yield of 4.15%.

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