State-owned Eximbank Hungary Pte Ltd. is a specialized financial institution which, as a member of the MFB (Hungarian Development Bank Ltd.) group of banks, offers financing, guarantee and risk-sharing products designed to promote the export operations of Hungarian enterprises. The State exercises Shareholder's rights in an extent of 75% -1 of the votes indirectly through Hungarian Development Bank ( MFB ) Ltd., and in an extent of 25% +1 vote directly via Hungarian State Holding Company (MNV) Pte Ltd. Its share capital is HUF 10.1 billion. The bank's borrowings are fully guaranteed by the Hungarian state budget.
Eximbank's mission is to improve the competitiveness of Hungarian exports of products and services, and to contribute demonstrably to the state's policy of creating a successful export-oriented economy, while paying due regard to Hungary's obligations arising from OECD and EU membership. Eximbank promotes the realisation of exports partly through the services it provides to Hungarian financial institutions and partly through facilities extended directly to Hungarian exporters and their foreign customers.
Eximbank Pte. Ltd.’s main activity is the provision of loans related to the export of Hungarian goods and services. Besides providing loans, it promotes the financing of export transactions deemed of importance to the national economic interest, through the issuance of guarantees backed by the state budget. In the context of its export-promotion activity, the Bank offers two main categories of product: those that are extended directly to customers, and those that are provided indirectly, through commercial banks. During its activities, the Bank co-operates closely with the other members of the MFB Group.
Eximbank wishes to promote the foundation of companies by international Hungarian undertakings and exporters, along with their acquisitions of shares in foreign companies, by providing investment loans. Through this service the Bank is willing to refinance shareholder loans extended to companies that are majority-owned by a Hungarian investor.
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