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Environmental policy


HUNGARIAN ENVIRONMENTAL AND SOCIAL POLICY APPLIED IN EXPORT CREDIT

During financing of export credits, integration of aspects of environmental protection (including sustainable development) is considerably important therefore environmental and social impacts and risks are taken into account during our evaluation process. By this the institution contributes to environmental protection as it cannot provide support for an environmentally harmful project.

The Government Decrees regulating the activities of Hungarian Export-Import Bank PLC (Hereinafter referred to as "the Bank") stipulate that beside the conditions of financing the Bank shall also consider the environmental and social aspects of the project according to the OECD common approachescommon approaches.

The Bank can only provide export credit guarantee according to point 2 (b) of paragraph 7 of Government Decree 435/2012 on Guarantees Assumed by the Hungarian Export-Import Bank with a State Payment Guarantee and on the Conditions and Detailed Regulations of the Replacement and Interest Costs of Foreign Currency and Interest Swap Transactions, if the transaction to be financed is not harmful for the environment as a result of the environmental screening carried out on the basis of OECD common approaches on Export Credits and Social Due Diligence.  

The interest equalisation can only be taken for export credits with the period of 2 years or more than 2 years, for export credits for refinancing and for financing purchase of receivables according to point 2 (b) of paragraph 5 of Government Decree 85/1998 on Interest Equalisation System of the Hungarian Export-Import Bank, if the transaction to be financed is not harmful for the environment as a result of the environmental screening carried out on the basis of OECD common approaches on Export Credits and Social Due Diligence. 

The OECD Common Approaches was developed and adopted in 2003. It established a set of rules for the environmental risk assessment of officially supported export financing. The document contains common practices for identifying and mitigating the environmental impact of projects. In addition to the impact on the environment, there has been an increasing emphasis on assessing social impacts. The OECD has expanded its existing approach with elements on social impact assessment and finalized it in 2012. In 2016, it has been revised which is the current version in use. The OECD Common Approaches aims to develop procedures for assessing the environmental and social impacts of officially supported export financing, to prevent and mitigate the adverse environmental and social impacts of projects, and to create the overall process of financial risk assessment for a supported project.

PRINCIPLES OF HUNGARIAN ENVIRONMENTAL AND SOCIAL POLICY APPLIED WITH EXIM

  • It should comply with Hungarian legal requirements, international obligations, environmental social and human rights agreements undertaken by Hungary.
  • It should respect the laws and competition aspects of business secrecy, in accordance with the laws on public disclosure of environmental information.
  • The operating rules and procedures should be flexibly applicable and could be further developed.
  • The Bank cooperates with stakeholders in assessing environmental and social impacts and respects the sovereign rights of the purchasing country.

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

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

Dear Customers,

We deem it important to provide continuous professional support to you also in the current pandemic situation. Conditions negatively effecting undertakings, economic slowdowns or declines always highlight the role of state-backed financial institutions, such as that of EXIM. This countercyclical role - even in the case of a longer-lasting pandemic situation - is further strengthening.

Based on our 25-year export credit, financing and insurance expertise and our in- depth knowledge of international markets, we would like to assure you of the unchanged stability of our operation and partnership.

Already upon the declaration of the epidemiological emergency[1], the funding experts of EXIM – in close co-operation with the Ministry of Foreign Affairs and Trade – started to identify and elaborate the mitigating measures and programmes whereby we can help Hungarian enterprises return to their foreign markets immediately after the removal of the restrictions.

Furthermore, we inform you that under Government Decree of 18 March 2020 on immediate measures necessary for alleviating the effects of the coronavirus pandemic on the national economy[2], the Hungarian government provides for the extension of the capital, interest and fee payment obligations of debtors falling within the scope of the Decree arising from credit, loan or financial lease contracts existing at 24:00 on 18 March 2020  until 31 December 2020 (payment moratorium). The government also stipulates that any contract expiring within the period of the state of danger shall be extended until 31 December 2020.

Thus, we will continue our work in view of the Governmental Decree aimed at alleviating the effects of the pandemic on the total Hungarian economy and we will handle the implementation of the moratorium imposed on contracts falling under the scope of the Decree in the case of all our customers concerned. Following the official publication of additional legislation laying down the detailed rules of the provisions of the Government Decree, we will provide you with detailed information. Until then we would like to ask you for your kind patience.

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

Please contact us if you have any questions or requests.

info@exim.hu

[1] Government Decree 40/2020 (11 March 2020)

[2] Government Decree 47/2020 (18  March 2020)