|Exim Hungary | |
Export Credit Agency (ECA) in Hungary
About Exim Hungary
EXIM Hungary is the official export credit agency of Hungary, the joint entity of two legal persons: the state-owned Hungarian Export-Import Bank Plc. (Eximbank Zrt.) and the Hungarian Export Credit Insurance Plc. (MEHIB Zrt.), operating within an integrated framework which allows them to provide both financing and insurance facilities. EXIM Hungary operates under the direct supervision of the Ministry of Foreign Affairs and Trade.
With its 28-year experience, the Hungarian ECA provides a wide range of financial products and services covering the entire export structure. As an official ECA, EXIM Hungary has already been involved in the export of Hungarian products and services to nearly 150 countries, and currently has relationships in 69 countries. The basic objective of EXIM Hungary is to facilitate the sale of Hungarian goods and services in foreign markets. Their operation is governed by the relevant OECD and European Union regulations. EXIM Hungary is a member of the Berne Union, an international association for the export finance and insurance industry. In 2021 EXIM Hungary hosted the Annual General Meeting of Berne Union, where it was elected by the organisation as a member of its Management Committee.
EXIM Hungary ended the year of 2021 with a total exposure of more than € 5.4 million and entered a new strategic period in 2022. EXIM aims to support domestic enterprises as a financial engine for their global success to strengthen their foreign market presence and expansion with the help of innovative financial solutions.
EXIM Hungary’s work is driven by its specialised global experience; its strategic objectives include export education, engaging employer, sustainability, value-creating partnership and digitalisation.
A summary of Exim Hungary
Products and services offered by EXIM Hungary
- Investment credit – for foreign investments
- Capital expenditure loan
- Leasing and investment loan
- Working capital loan
- Buyer’s credit
- Supplier’s credit facilities
- Forfaiting, short-term purchase of receivables
- Tied aid
Risk sharing products:
- Investment insurance
- Commercial guarantees
- Manufacturing risk insurance
- Loan guarantee
- Export receivables insurance
- Supplier credit insurance
- Supplier credit discounting insurance
- Factoring insurance
History of Exim Hungary
The Hungarian Export-Import Bank was established in 1994 by Act XLII of 1994 on Eximbank with the aim of financing the foreign trade activities of companies operating in Hungary. In 1996, EXIM Hungary joined the Berne Union as an observer and its Prague Club as a founding member. In 1998 EXIM became a full member of the Berne Union. Since 2012, the Hungarian Export-Import Bank and the Hungarian Export Credit Insurance – which previously operated as separate organisations – have been operating within an integrated framework, under one Board of Directors and common Committees.
Since 2014 EXIM Hungary has been a member of the European Association of Public Banks (EAPB) and has established close relations with the International Finance Corporation (IFC), and the World Bank Group. In 2021 EXIM hosted the Annual General Meeting of Berne Union, when where it was elected as a member of the Management Committee.
EXIM Hungary is based in Budapest and operates offices in twelve towns and cities in Hungary, and 4 foreign representative offices in Europe and Asia.
Raw Materials – From tobacco to spices, gold to bronze, commodities represent a large proportion of our trade finance portfolio
Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished
Metals – From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals
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