After the denunciation tsunami, Eximbank is changing its strategy

Kiss Zalán, CEO of Eximbank, stated that only minor adjustments were made, including a 14 billion HUF reserve for potential credit losses. The bank is undergoing a comprehensive audit initiated by the Ministry of Economic Affairs, revealing significant financial irregularities linked to Eximbank. The audit highlighted six cases involving 1289 billion HUF, with the government filing 62 reports concerning 4005 billion HUF of public funds. Eximbank aims to refocus on export financing and improve its portfolio management, distancing itself from previous practices that lacked proper risk assessment. Future strategies include supporting SMEs in international markets and engaging in large projects. A new refinancing program is set to launch in February, with a focus on investment incentives and simplified administration for clients. The CEO emphasized the need for a unified database among government agencies to enhance export capabilities.