Eximbank: Rapid growth of assets to continue
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%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.