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Eximbanka boosts export support

THE STATE-RUN Export-Import Bank of the Slovak Republic (Eximbanka) estimates it will support exports totalling €2.725 billion via its activities in 2014. Compared with 2013 this means an increase by €135 million or 5.2 percent. The Slovak parliament approved the bank’s budget on December 4, the SITA newswire reported.

THE STATE-RUN Export-Import Bank of the Slovak Republic (Eximbanka) estimates it will support exports totalling €2.725 billion via its activities in 2014. Compared with 2013 this means an increase by €135 million or 5.2 percent. The Slovak parliament approved the bank’s budget on December 4, the SITA newswire reported.

Eximbanka plans to support exports of Slovak businesses via loan and guarantee activities in a total volume of €1.610 billion, 9.5 percent more than the projection for 2013. The bank wants to supports exports via insurance activities in the volume of €1.115 billion, a decrease by 0.4 percent compared with the 2013 plan.

The rise in revenues from business activities in 2014 should result in an increase in the operational profit of the bank compared with 2013. The bank expects to reach a profit after tax of €1.309 million in 2014, which will be €773,000 (144.2 percent) up compared to the profit expected for 2013.

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