2024 financial year closed with expanding loan portfolio and stable financial results by EXIM Hungary

EXIM Hungary continued to play a key role in helping companies raise funds in the 2024 financial year. Due to further expansion in lending, the bank’s total assets rose by almost 9% to nearly HUF 4,000 billion in 2024, while its loan portfolio grew by almost 30% to nearly HUF 3,200 billion by the end of the year. All this was achieved through balanced operations in response to economic challenges. The successful conclusion of the Baross Gábor Reindustrialization Loan Programme, which was expanded to a total of HUF 1,200 billion, played an important role in this outstanding performance. Preparations for EXIM products launched under the Demján Sándor Programme were also completed by December, and these schemes quickly became highly popular among businesses after their launch this year. The other member of the EXIM institutional duo, the Hungarian Export Credit Insurance Corporation (MEHIB), also continued to grow in 2024, with its balance sheet total increasing by nearly 20% and its insurance commitment portfolio rising by nearly 8%.

According to EXIM Hungary’s recently published report on the financial year 2024, the company closed last year with outstanding results. In 2024, EXIM Hungary paid particular attention to supporting exporters and suppliers adapting to external economic uncertainties. The bank also actively contributed to the implementation of the government’s countercyclical economic policy. Eximbank’s performance indicator expresses the bank’s efficiency in a single figure by comparing the national economic impact it achieves with the interest equalization requirement that arises, based on which the ratio exceeded 4 in 2024, meaning that every HUF financed from the budget contributed HUF 4 in GDP surplus.

Preferential interest rate loan programmes continued to be in high demand in 2024. Thanks to this and to the expansion of direct domestic financing, EXIM Hungary closed the year with new loans totalling HUF 1,293 billion. The bank’s total assets grew by 8.92% to HUF 3,967 billion, reaching a new all-time record.

The insurance commitment portfolio of the Hungarian Export Credit Insurance Corporation (MEHIB), which belongs to the EXIM institutional pair, grew by 7.8 percent in 2024, reaching HUF 835 billion. The insurer’s total assets also increased, growing by 19.3% to HUF 54 billion. The number of target countries covered by MEHIB also expanded, with the company insuring export transactions in 45 countries by the end of the year.

Based on data from December 31, 2024, EXIM Hungary had 3,129 corporate clients. 86.2 percent of its clients are micro, small, and medium-sized enterprises.

“In the 2024 financial year, our primary goal was to continue offering predictable, targeted and accessible financing solutions to Hungarian businesses. Our results clearly reflect the financial stability and adaptability of our institutional pair in a constantly changing economic environment. The record growth of our loan portfolio and the increase in our total assets to nearly HUF 4,000 billion show that our customers count on EXIM Hungary as a stable financing partner in the long term,” said Sándor Ladányi, Deputy CEO for Finance of EXIM Hungary, commenting on the results.

The Baross Gábor Reindustrialization Loan Programme, with its increased budget, was successfully completed in 2024. EXIM Hungary increased the budget by HUF 200 billion last year, contributing a total of HUF 1,200 billion in loans to the revitalization of the Hungarian economy.

In addition, the Demján Sándor Programme, which was prepared at the end of last year, opened a new chapter in EXIM Hungary’s financing portfolio. Under the programme, EXIM Hungary made four of its previous successful products available again at the beginning of January 2025, with a total budget of HUF 350 billion, of which HUF 100 billion is dedicated to green investments. The portfolio has expanded further since then: in March, the Exporters of the Future Lease was launched, followed in early May by the Exporters of the Future Working Capital Loan and the Exporters of the Future Investment Loan. EXIM Hungary’s goal for 2025 is to increase the export capacity and support the international expansion of Hungarian companies, as well as to finance their foreign investments.