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19.04.2017
13:57

Eximbank of Russia celebrates its birthday

Eximbank of Russia celebrated its 23rd birthday on April 18. During its operation, the state specialized development institute has provided support to export projects throughout the world and has proved to be a reliable partner not only to the Russian producers, but also to the foreign contractors and financial institutions. As of today, the authorized capital of the bank amounts to 20,751 bln rubles. The Bank has the Ba2 long-term foreign currency credit rating from the international rating agency Moody’s Investors Service (stable outlook), as well as the A++ individual credit rating with a stable outlook from RAEX Rating Agency (RA Expert).

Starting from 2016, Eximbank of Russia has been operating as a part of the Russian Export Center, which is a specialized organization that provides a single platform for working with export companies in the field of financial and non-financial support measures, including that through cooperation with relevant ministries and departments.

The main aim of the bank's operation is to provide financial support that would be available to a wide range of export companies both organizationally and economically. Such support in many ways determines the international competitiveness of the Russian products and services with a high added value. Today the success of the company in the foreign markets does not only depend on the quality of the products manufactured or supplied, but is also largely conditioned upon the financing of the export contract. This is confirmed by analysis of the factors and trends that developed in the global trade within the past 35-40 years.

The financial support of Eximbank of Russia is intended to increase the competitiveness of the export companies abroad as well as to increase the financial competence and develop the culture of export in the Russian Federation with a special emphasis on the representatives of this small business.