Export-Import Bank of Packilvania: Difference between revisions

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[[Category:Companies]] [[Category:Packilvania]]
The '''Export-Import Bank of Packilvania''' ([[Packilvanian]]: ''luMonaat aluBazrazayeen nadine luKiskazayeen aBakhilfaniya'', '''MOBAKIBA''') is a state-owned [[W:Export credit agency|export credit agency]] of [[Packilvania]].
The '''[[Export-Import Bank of Packilvania]]''' (also branded '''Exim Pax''') is a bank from [[Packilvania]]. Its purpose is to promote exports of Packilvanian goods to other nations. It focuses on providing funding for businesses and projects whose operations are aimed at exporting to other nations. It also provides loans to businesses and countries outside of Packilvania who are importers of Packilvanian goods. It also provides other services that makes it easier for foreign consumers to access Packilvanian goods like providing currency exchange services, making access to Packilvanian dinars easier, holding Packilvanian dinar denominated accounts and provide financial advisory for firms operating in the export import space. The bank manages assets worth 3.1 trillion SHD. It is one of the largest banks in the world by assets under management alongside the [[Packilvanian Industrial and Commercial Bank]] and the [[Packilvanian Agricultural Bank]].
 
The bank was founded in 1992 by the passage of the Export-Import Bank Act (''luKhanon aluMonaat aluBazrazayeen nadine luKiskazayeen'') by the [[Parliament of Packilvania]] signed by [[Sultan of Packilvania]] [[Amhoud II]]. The purpose of the Bank is promote the export of Packilvanian goods and services abroad.
 
It provides financing to Packilvanian businesses that export their goods and services abroad and to businesses that facilitate the exportation of goods and services abroad. This includes provide insurance and credit. Secondly the bank, lends money to foreign countries to import goods and services from Packilvania. For instance, if a business in a foreign country wants to finance the purchase of goods and services from Packilvania, they can approach the Export-Import Bank of Packilvania for credit.
 
Generally the terms of payment and the interest rates are favourable compared to other market solutions, however the bank prefers to lend money to governments and state-owned institutions instead of private or predominantly private businesses due to the difficulty in enforcing repayment. The Export-Import Bank is more likely to lend money to private businesses in foreign countries if there are appropriate debt repayment enforcement mechanisms and agreements in place.
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