Share Capital of Eximbank Plc. Increased

The share capital of Magyar Export-Import Bank Plc. has been increased by HUF 15 billion by the holder of the company's ownership rights. The news has been announced on the website of the Budapest Stock Exchange.

For the capital increase, the Minister of National Economy, who exercises all the ownership rights and obligations of the state, provided the company with a cash contribution of HUF 15 billion. The capital increase resulted in a share capital of HUF 355 billion.

It was announced that the share capital increase involved the issue of 3,000 new dematerialized ordinary shares with a nominal value of HUF 5 million each, registered in the name of the Hungarian state, non-transferable and granting the same rights as the issuer's ordinary shares.

EXIM is a combination of two legal entities, the state-backed Magyar Export-Import Bank Plc. (Eximbank Plc.) and Magyar Exporthitel Biztosító Plc. (MEHIB Plc.). EXIM Hungary's total assets amounted to HUF 3,644 billion at the end of 2023, its loan portfolio to HUF 2,439 billion, and 87.5% of its 3,344 corporate customers are in the SME segment. Its main partners are domestic commercial banks, and it finances its clients primarily through them in the form of refinancing facilities.