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EXIM Hungary and EXIAR sign Agreement governing reciprocal reinsurance obligations

Budapest, Hungary. Hungarian Export Credit Insurance Private Limited Company (MEHIB), part of EXIM Hungary group of companies and The Russian Agency for Export Credit and Investment Insurance (EXIAR) have signed the Agreement governing reciprocal reinsurance obligations.

The signing took place during the official visit of Russian President Vladimir Putin to Hungary. EXIM Hungary was represented by CEO and Chairman of Board Gergely Jákli, while EXIAR was represented by CEO Nikita Gusakov.

EXIM and EXIAR aim to facilitate business activities of national exporters and provide respective means of joint support to foster their trade with third countries. Comprehensive financing package is now becoming a vital part of competitive product offer in international trade and this implies a coordinated approach of national ECAs. The concluded agreement should enable EXIM Hungary and EXIAR to provide joint insurance coverage against commercial and political risks for implementation of projects in challenging and attractive markets. The volume of projects that can be implemented using this mechanism and are currently in active development exceeds 1billion EUR.

Hungarian exporters are already implementing a number of large joint ventures with Russian partners and further development of economic and trade cooperation is a qualitatively new step in terms of expanding exports of Hungary and building joint value chains with Russian companies.

EXIM performs the tasks of Hungary’s export credit agency, which are regulated by the legislative frameworks of the OECD and the EU. However, the institution is more than just an engaged bank and insurer that provides export credit and export credit insurance: it is a key institution and its existence has a positive impact on the national economy. The activities of EXIM are one of the most important foundations of Hungarian foreign trade success.

Nikita Gusakov CEO EXIAR

Eximbank Zrt.

Cégjegyzékszáma:
01-10-042594, bejegyezve a Fővárosi Törvényszék, mint Cégbíróság által

Adószám:
10949638-2-44

Bankszámlaszám:
14800016-06000008-11111128
S.W.I.F.T. kód: HEXI HU HB 

MEHIB Zrt.

Cégjegyzékszáma:
01-10-042595, bejegyezve a Fővárosi Törvényszék, mint Cégbíróság által

Adószám:
10949621-2-44

Bankszámlaszám:
10918001-00000001-04530003

1065 Budapest, Nagymező u. 46-48. Tel.: +36 (1) 374 9100, +36 (1) 374 9200, Fax: +36 (1) 269 1198 E-mail: exim@exim.hu © 2019 EXIM Minden jog fenntartva

Eximbank Plc.

Bank account number: 
14800016-06000008-11111128
S.W.I.F.T. kód: HEXI HU HB 

MEHIB Plc.

Bank account number: 
10918001-00000001-04530003

H-1065 Budapest, Nagymező street 46-48. Phone: +36 1 374 9100, +36 1 374 9200 Fax: +36 1 269 4476, +36 1 269 1198 E-mail: exim@exim.hu © 2019 EXIM All rights reserved

ЗАО «Эксимбанк»

Номер банковского счёта: 
14800016-06000008-11111128
S.W.I.F.T. kód: HEXI HU HB 

ИНН: 10949638-2-44

ЗАО «МЕХИБ»

Номер банковского счёта: 
10918001-00000001-04530003

ИНН: 10949621-2-44

1065 Будапешт, ул. Надьмезё д.46-48. Тел.: +36 (1) 374 9100, +36 (1) 374 9200, Факс: +36 (1) 269 1198 Электронный адрес: exim@exim.hu
© 2019 EXIM Все права защищены

Dear Customers,

The capital, interest and fee payment obligations of debtors arising from credit, loan or financial lease contracts falling within the scope of the provisions  on payment moratorium - pursuant to Government Decree 47/2020 (18 March) on immediate measures necessary for alleviating the effects of the coronavirus pandemic on national economy and in accordance with

Government Decree No. 62/2020. (24 March) promulgated on 24 March 2020, laying down the details and technical provisions - shall be automatically suspended, unless you do not wish to be included in the payment moratorium.

In case you do not wish to avail of the moratorium provided for in the Government Decree, i.e. you wish to fully comply with your payment obligations in compliance with the repayment schedule set down in your credit line contract concluded with Eximbank Plc., please indicate your request in writing to your contact person or at the address: info@exim.hu. Please be informed that you can modify your request at any time until the expiry date laid down in the Government Decree, thus you can also avail yourself of the payment moratorium later in accordance with the conditions and with the deadline laid down in the Government Decree.

In addition to the payment moratorium, the funding experts of EXIM – in close co-operation with the Ministry of Foreign Affairs and Trade – started to elaborate our mitigating programmes whereby we can help Hungarian enterprises return to their foreign markets immediately after the removal of the restrictions.

It is important to emphasize that the finance solutions of EXIM are also suitable for addressing the non-marketable risks, thus we are entirely at your disposal also in the current situation in case of fund requests or liquidity difficulties.

Please contact us if you have any questions or requests.

EXIM

info@exim.hu