ECA role expanding
‘Our activities to stimulate the economy and exports, as well as to stabilise the situation of Hungarian export companies, will remain of key importance this year. The synergy between our ECA and promotional banking functions will increasingly become stronger going forward and we will naturally continue to expand our international cooperation with our ECA and development bank partners’ – said Gergely Jákli about EXIM Hungary’s perspectives in 2021 in an interview with TXF News.
In the interview given to the British economic magazine, the CEO, Chairman of the Board of Directors at EXIM Hungary talked about the outstanding role of the bank and the insurance company in the crisis management at length. ‘The present situation has again justified the advantage that we operate our banking and insurance activities in an integrated manner, and thus we are able to simultaneously provide funding to the Hungarian representatives of the export chain, to insure their increased risks, to maintain their international relations and to strengthen their international competitiveness with the widest possible array of instruments in a time of global crisis.’
In the interview, Gergely Jákli stated that the traditional ECA task to provide state-financed assistance to export companies is especially important in times of crisis. Due to the temporary framework of the European Union, EXIM is able to offer insurance everywhere, and taking into consideration that nearly 90% of the Hungarian export is oriented to the EU, the new regulatory environment has also opened new possibilities for EXIM and the exporters insured by the bank
To read full text of the interview, click here.