FROM: EXPORT-IMPORT BANK
Highlights from the last Six Months
Ex-Im Bank Annual Report Outlines Record Year for Small Businesses
Ex-Im Bank released its Fiscal Year 2013 Annual Report highlighting its approval of more than $27 billion in authorizations that supported an estimated 205,000 American jobs. The Bank also approved more than 3,400 small-business authorizations, a new record.
"I am proud to announce that nearly 90 percent of the Bank's transactions in FY 13 were for small businesses – an all-time high," said Chairman Hochberg. "Ex-Im Bank employees have done a remarkable job of ensuring that American entrepreneurs have the tools they need to succeed in international markets. Whether it's providing export-credit insurance to first-time exporters or working-capital guarantees to returning customers, Ex-Im Bank will continue to fulfill its mission of creating U.S. jobs."
Among the highlights from the 2013 Annual Report:
Ex-Im financing created or supported an estimated 205,000 export-related U.S. jobs.
In the last five years (FY 09 to FY 13), Ex-Im Bank has assisted in financing more than
$188 billion of U.S. exports and supported 1.2 million American jobs.
In FY 13, Ex-Im Bank authorized financing for a record high 3,842 export transactions,
which totaled an estimated export value of $37.4 billion.
In FY 13, Ex-Im Bank approved 3,413 small-business authorizations – an all-time high.
Non-aircraft manufacturing was the industry with the highest authorized amount at
$8.5 billion, surpassing aircraft for the first time since 1997.
Approximately one in five transactions involved women- or minority-owned small businesses.
Ex-Im Bank Announces More Than $1 Billion in Revenues Generated for Taxpayers in FY 2013
Ex-Im Bank transferred more than $1 billion in revenues to the U.S. Treasury's General Fund for fiscal year 2013. This revenue, generated for U.S. taxpayers from fees and services, is what the Bank earned above its operating costs and loan loss reserves.
“From supporting jobs to helping reduce our deficit, the Export-Import Bank is making a difference for our economy and working for the American taxpayer,” said Chairman Hochberg. “In addition to sustaining hundreds of thousands of American jobs, Ex-Im Bank also generated more than $1 billion dollars for the U.S. Treasury last year alone. These numbers are a testament to the dedication and hard work of Ex-Im Bank’s staff and I want to take this opportunity to thank them for their service."
