3.3. The case of Slovakia Slovakia’s experience reveals that Export-Import Bank of Slovakia (EXIMBANKA) is the main pillar of Government’s export financing policy. Exports that normally can not be supported by commercial banks and insurance companies are realized by EXIMBANKA. Slovakia counts with over 57.800 enterprises with at least one employee in 2007, of which 73,1 % are micro enterprises, 25,9 % are SMEs and only 0,9%, that is, only 519 companies have more than 250 employees.
EXIMBANKA SR, Export- Import Bank of the Slovak Republic Corporate Description
Export-Import Bank of the Slovak Republic is the official Export Credit Agency. Its main goal is to increase the competitiveness of Slovak exporters at the international market via providing a wide range of export credit and investment insurance, insurance and other related financial services.
The only export credit agency between the hitherto presented that differentiates clearly in its Web pages and products’ description between SMEs and large companies.
Basic Data
Founded: 1997 (22 July 1997).
Legal framework: Founded under Act No. 80/1997 13 Coll. on the Export-Import Bank of the Slovak Republic, as amended by Act No. 336/1998 Coll., Act No. 214/2000 Coll., Act No. 623/2004 Coll., Act No. 688/2006 Coll., Act No. 659/2007 Coll., Act No. 567/2008 Coll. and Act No. 492/2009 Coll. (hereinafter referred to as “the Act”).
Ownership: 100% sovereign; Supervisory body: Ministry of Finance.
Registered capital: EUR 100 million.
Governing bodies: The governing bodies of EXIMBANKA SR are: the Bank Board, the Supervisory Board and the General Director. The members of these bodies have been appointed on 9th September 2010.
Bank Board: The Bank Board of EXIMBANKA SR is the statutory body of EXIMBANKA SR. The Bank Board manages the operation of EXIMBANKA SR and makes decisions on all its matters, except those delegated under the Act or the Bylaws of the Export-Import Bank of the Slovak Republic, as amended, to other bodies of EXIMBANKA SR or the Ministry of Finance of the Slovak Republic or the Government of the Slovak Republic. The Bank Board of EXIMBANKA SR has five members, including the Chief Executive Officer, three Deputy Chief Executive Officers and a member who is not an employee of EXIMBANKA SR. The authority to appoint and withdraw the Chief Executive Officer, three Deputy Chief Executive Officers and additional member of the Bank Board of EXIMBANKA SR is held by the Government of the Slovak Republic, subject to proposals of the Minister of Finance of the Slovak Republic.
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See annex.
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