EXIM Bank
EXIM Bank Jamaica is a government-owned export-import bank providing loans, foreign currency financing, and trade credit insurance to Jamaica's productive sector, including exporters, manufacturers, tourism, and SMEs, distributed through a network of commercial bank intermediaries.
- Company typePrivate
- Founded1986
- HeadquartersKingston, Jamaica
- Headcount51–100
- GTM typeB2B
- OfferingServices
What EXIM Bank does
The National Export-Import Bank of Jamaica Limited (EXIM Bank Jamaica) is a 100% government-owned development bank established in May 1986 as the first export-import bank in the English-speaking Caribbean. It operates as an agency of the Ministry of Industry, Investment and Commerce (MIIC), with a single headquarters at 85 Hope Road, Kingston 6, and distributes its products through a network of 14+ Approved Financial Intermediaries (AFIs) including Bank of Nova Scotia, NCB, CIBC FirstCaribbean, JMMB, Sagicor Bank, and Citibank NA. The bank provides short-term working capital, medium-term financing, foreign currency lines of credit, and trade credit insurance exclusively to Jamaica's productive sector, and is the only institution in Jamaica offering Trade Credit Insurance.
EXIM Bank's product portfolio comprises 11+ offerings segmented by horizon and sector: short-term facilities include EXIM Express Financing (J$15 million with 7-day turnaround) and Foreign Currency Lines of Credit; medium-term facilities include the SME Growth Initiative (up to US$500,000), Energy Loan (JM$50 million at 7.5%), Ecommerce Funder (J$5 million at 5%), Modernization Fund for Exporters, and Renewable Energy; sector-specific facilities include JMEA Loan, SMTE Special Project (Tourism, J$25 million at 4.5%), and Tourism Receivables Financing. Trade Credit Insurance covers commercial risk at 85% and political risk at 90%, with post-shipment financing of up to 80% of insured receivables.
EXIM Bank generates revenue primarily through interest income on loans denominated in Jamaican dollars and US dollars, supplemented by commitment fees (1.25-2% of loan amount), processing fees (J$12,000 per disbursement for most short-term facilities), and Trade Credit Insurance premiums (J$0.54-J$1.45 per J$100 of gross invoice value). The bank is a member of the Berne Union and holds shares in Banco Latinoamericano de Exportaciones (BLADEX). Its customer base spans non-traditional exporters, manufacturers, tourism enterprises, agro-businesses, ICT firms, mining operators, and creative industry participants, with traditional export sectors (sugar, bananas, bauxite, alumina) explicitly excluded.
EXIM Bank firmographics
Firmographics- Name
- EXIM Bank
- Legal name
- The National Export-Import Bank of Jamaica Limited
- Website
- https://eximbankja.com
- Company type
- Private
- Founded year
- 1986
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- EXIM Bank Jamaica is a government-owned export-import bank providing loans, foreign currency financing, and trade credit insurance to Jamaica's productive sector, including exporters, manufacturers, tourism, and SMEs, distributed through a network of commercial bank intermediaries.
- Ownership category
- akta.pro rank
EXIM Bank industry classification
Industry- Product category
- Export-Import Banking / Trade Finance
- NAICS
- Credit Intermediation and Related Activities (522)
- SIC
- Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)
- akta.pro primary industry
- Export Credit Agencies (ECAs) & Trade Finance Institutions (BPADACAF)
- akta.pro secondary industries
- Pre-Export & Export Finance (Working Capital, Packing Credit) (FSABAHAG), Climate Finance Funds & Green Investment Facilities (BPADACAH)
Keywords
Where EXIM Bank is headquartered
LocationHeadquarters
- HQ city
- Kingston
- HQ country
- Jamaica
- HQ region
- Latin America
Offices1 record
Markets served
EXIM Bank business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest Income: Interest charged on loans for short-term working capital and medium-term financing in both local (J$) and foreign currency (US$). Interest rates vary by product.
- Loan Commitment Fees: 2% of loan amount for most facilities, 1.25% for SMTE loans. Charged at commitment stage.
- Processing Fees: J$12,000 for short-term facilities; varies by facility type. Payable for each disbursement.
- Trade Credit Insurance Premiums: Premium rates for commercial cover range between J$0.54-J$0.60 per J$100 of gross invoice value. Political cover attracts additional J$0.03-J$1.45 per J$100. Commercial cover at 85%, political cover at 90%.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | One time | Short-Term Facilities Commitment Fee |
| Transaction based/ take rate | One time | Medium-Term Facilities Commitment Fee |
| Transaction based/ take rate | Per disbursement | Processing Fees |
| Usage-based | Monthly | Trade Credit Insurance Premiums |
| Other | Annual | Ecommerce Funder |
| Other | Annual | Energy Loan |
| Other | Annual | SME Growth Initiative |
| Other | Annual | JMEA Loan |
| Other | Annual | SMTE Special Project |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
EXIM Bank product offering
Product offeringCore offering
EXIM Bank Jamaica provides short-term working capital financing and medium-term loans in both Jamaican dollars and foreign currency to Jamaican exporters and the productive sector. Its offerings include EXIM Express Financing, Foreign Currency Lines of Credit, JMEA Loans, SME Growth Initiative, Energy Loans, Ecommerce Funder, Modernization Fund for Exporters, SMTE Special Project, Tourism Receivables Financing, and Renewable Energy loans. The bank additionally underwrites Trade Credit Insurance — the only such offering in Jamaica — protecting exporters against commercial and political non-payment of receivables.
Product overview
EXIM Bank Jamaica operates as a government-owned export-import bank providing a comprehensive suite of financial products to Jamaica's productive sector. The bank offers short-term working capital financing through EXIM Express Financing and Foreign Currency Lines of Credit, while its medium-term offerings include the SME Growth Initiative, Energy Loan, Ecommerce Funder, and Modernization Fund for Exporters. Specialized sector-specific products target tourism enterprises (SMTE and Tourism Receivables Financing), manufacturers and exporters (JMEA Loan, Trade Credit Insurance), and renewable energy projects. The product portfolio is designed to support both exporters and non-exporting businesses across manufacturing, agro-business, tourism, mining, ICT, and creative industries.
Differentiator
Problem solved
Functional benefit
Brands
- Ecommerce Funder: A joint partnership between EXIM Bank and JMEA providing funding solutions for web-based merchants and online sellers
- SME Growth Initiative
- EXIM Express Financing
- JMEA Loan
- SMTE Special Project
- Foreign Currency Line of Credit
- Trade Credit Insurance
- Modernization Fund for Exporters
- Energy Loan
- Renewable Energy
- Tourism Receivables Financing
Products and services
- EXIM Express Financing Short-term working capital financing facility for Jamaican SMEs offering up to J$15 million with a 7-day turnaround time. Does not require traditional collateral or financial statements and allows companies to leverage receivables to finance daily business activities.
- Foreign Currency Line of Credit Foreign currency financing facility enabling Jamaican businesses to import raw materials and capital equipment from any country. Loans accessible for up to 180 days (exceptional cases up to 360 days) at rates based on US Floating Prime or 6-month LIBOR plus service charge.
- SMTE Special Project (Tourism Enterprise) Special tourism sector loan facility funded by the Tourism Enhancement Fund (TEF), offering up to J$25 million at 4.5% per annum with up to 7 years to repay and a 12-month moratorium on principal payments. Available to tourism enterprises and their linkage networks.
- Tourism Receivables Financing Short-term financing for tourism linkage companies including in-bond merchants, janitorial services, fresh produce suppliers, car rentals, and linen companies. Provides one-time payment of receivables, hassle-free financing, and balloon payment options for up to 365 days.
- JMEA Loan Short to medium-term loan program for Jamaica Manufacturers and Exporters Association (JMEA) members. Exporters may borrow up to J$2 million and manufacturers up to J$1.5 million at 12% per annum, with unsecured terms available. Funds support working capital, raw material purchases, and light equipment.
- SME Growth Initiative SME financing facility allowing Jamaican SMEs to borrow up to US$500,000 equivalent for equipment purchase, facility upgrades, working capital, market research, and debt financing. Features affordable interest rates, a moratorium on principal payments up to 12 months, and a maximum 5-year repayment period.
- Energy Loan Energy financing for Jamaican small and medium-sized businesses, providing up to JM$50 million at 7.5% interest per annum over 7 years. Funds cover up to 85% of purchase and installation costs for energy efficiency, conservation, and solar photovoltaic equipment. Funded by the DBJ SME Energy Fund.
- EXIM Bank's Ecommerce Funder Joint partnership between EXIM Bank and JMEA providing web-based merchants with business loans up to J$5 million at 5% interest rate over 5 years. Covers ecommerce platform development and launch, marketing expenses (including SEO and Google Ads up to $500,000), equipment, server setup, hosting, and working capital.
- Modernization Fund for Exporters (MFE) Financing for acquisition of capital equipment for retooling, refurbishing, upgrading, and efficiency improvement for export sector companies. Offers up to 5-year repayment with 1-year moratorium on principal and graduated repayment plans including ballooning options.
- Trade Credit Insurance Insurance product protecting Jamaican exporters and suppliers against non-payment of domestic and foreign receivables. Covers commercial risks at 85% and political risks at 90%, with monthly premium billing based on gross invoice value. Policyholders can access post-shipment financing up to 80% of invoice value through the Insurance Policy Discounting Facility.
- Renewable Energy Loan Loan program for renewable energy and energy efficiency projects in the tourism, manufacturing, and productive sectors. Covers retrofitting for energy efficiency, conservation, and alternate energy sources with emphasis on solar photovoltaic energy systems.
Quantifiable outcome
- Trade Credit Insurance: Recover up to 85% of receivables under commercial cover, 90% under political cover
- +6 more outcomes
Companies that use EXIM Bank
Customer profileSegments9 records
Ideal customer profiles4 records
EXIM Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
EXIM Bank partnerships and signals
Strategic signalPartnerships
23 partnerships are on record, tiered core and minor.
- JAMPRO (Jamaica Promotions Corporation)corePartner organization supporting Jamaica's business environment. Jointly promotes export development and investment opportunities in Jamaica. Referenced in business partner section of EXIM Bank website.
- Development Bank of Jamaica (DBJ)coreDBJ is referenced as a key business partner. The Energy Loan is funded by the DBJ SME Energy Fund, demonstrating co-financing partnership.
- Jamaica Chamber of CommerceminorListed as a business partner on EXIM Bank website, supporting business development initiatives in Jamaica.
- JMEA (Jamaica Manufacturers and Exporters Association)coreJoint partnership for the Ecommerce Funder product - a funding solution providing business loans to productive sector SMEs who are web-based merchants. JMEA members receive preferred access to this loan program at 5% interest rate up to $5 million.
- Trade Board LimitedminorCertifying authority for goods exported under various trade agreements. Listed as business partner on EXIM Bank website.
- Export AcademyminorTraining organization for exporters listed as a business partner supporting export development initiatives.
- JBDC (Jamaica Business Development Corporation)minorBusiness development support organization listed as a partner supporting SME development initiatives.
- PSOJ (Private Sector Organisation of Jamaica)minorUmbrella organization for private sector listed as a business partner.
- Bank of Nova Scotia Jamaica Ltd.coreApproved Financial Intermediary (AFI) through which EXIM Bank loan products can be accessed. One of the largest commercial banks in Jamaica.
- Citibank NAcoreApproved Financial Intermediary for EXIM Bank loan products.
- First Global Bank Ltd.coreApproved Financial Intermediary for EXIM Bank loan products.
- CIBC FirstCaribbean International Bank (Ja.) Ltd.coreApproved Financial Intermediary for EXIM Bank loan products.
- Jamaica Money Market Brokers Ltd. (JMMB)coreApproved Financial Intermediary for EXIM Bank loan products including SME Growth Initiative and BECF programs.
- National Commercial Bank Jamaica Ltd. (NCB)coreApproved Financial Intermediary for EXIM Bank loan products.
- Sagicor Bank Ltd.coreApproved Financial Intermediary for EXIM Bank loan products.
- JN Fund Managers Ltd.coreApproved Financial Intermediary for EXIM Bank loan products.
- MF&G Trust & Finance Ltd.minorApproved Financial Intermediary for EXIM Bank loan products.
- Sterling Asset ManagementminorApproved Financial Intermediary for EXIM Bank loan products.
- Victoria Mutual Wealth Management Ltd.minorApproved Financial Intermediary for EXIM Bank loan products.
- Mayberry Investments Ltd.minorApproved Financial Intermediary for EXIM Bank loan products.
- Barita Investments Ltd.minorApproved Financial Intermediary for EXIM Bank loan products.
- Berne UnioncoreInternational Union of Credit and Investment Insurers. EXIM Bank maintains membership providing access to underwriting experiences and best practices from all major EXIM Banks and export credit agencies worldwide.
- Banco Latinoamericano de Exportaciones (BLADEX)minorRegional export finance institution in which EXIM Bank holds shares as part of its international partnership network.
Scale indicators3 records
Recent moves8 records
Expansion highlights4 records
EXIM Bank competitors and assessment
Company assessmentDirect peers
- Banco Latinoamericano de Exportaciones (BLADEX): Panama-based regional export finance bank in which EXIM Bank holds shares. Both institutions focus on trade finance and export credit for Latin American and Caribbean counterparties, making BLADEX EXIM Bank's closest direct peer in product and customer type.
- Development Bank of Jamaica (DBJ): Jamaica's principal development finance institution and a strategic partner of EXIM Bank (co-funding the Energy Loan). Both institutions are Jamaican government-owned DFIs serving overlapping SME and productive-sector clients.
Broad incumbents
- Inter-American Development Bank (IDB): Regional multilateral development bank with significant Jamaica lending portfolio. Comparable as a major source of development and trade finance capital in the Latin American/Caribbean region, though offering broader development mandates beyond trade finance.
- Export Development Canada (EDC): Canada's national export credit agency providing trade finance, export credit insurance, and financing for Canadian exporters. Directly comparable in mandate and product suite to EXIM Bank as a national ECA.
- UK Export Finance (UKEF): United Kingdom's export credit agency providing trade finance and insurance for UK exporters. Comparable as a national ECA with similar product offerings (export credit insurance, working capital, buyer credit).
- BPI France (Export BU): France's public development bank with an export finance business unit providing guarantees, insurance and financing for French exporters. Comparable as a state-owned entity combining development finance with export credit support.
- Export-Import Bank of the United States (US EXIM Bank): U.S. national export credit agency offering working capital guarantees, export credit insurance, and loan guarantees. Directly comparable as a national ECA in mandate and product set, though operating at vastly larger scale.
Others
- Jamaica National Group (JN Group): Jamaican mutual financial group offering commercial banking, insurance and investment services. Tangentially comparable as a Jamaican financial services peer operating in the same domestic market with overlapping SME client base, though not focused on export finance.
Regional players
- Caribbean Development Bank: Regional multilateral development bank serving Caribbean member countries including Jamaica. Comparable as a regional development finance institution providing concessional financing for productive sector and infrastructure projects, though operating across the wider Caribbean.
- Export Credit Guarantee Corporation of India (ECGC): India's national export credit agency providing trade credit insurance and export financing. Comparable as a government-owned national ECA with a similar product mix of insurance and loan products targeting domestic exporters.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
EXIM Bank social profiles
Digital presenceEXIM Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
EXIM Bank leadership team
Management profileNumber of profiles
Profiles8 records
EXIM Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EXIM Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EXIM Bank
What does EXIM Bank do?
EXIM Bank Jamaica provides short-term working capital financing and medium-term loans in both Jamaican dollars and foreign currency to Jamaican exporters and the productive sector. Its offerings include EXIM Express Financing, Foreign Currency Lines of Credit, JMEA Loans, SME Growth Initiative, Energy Loans, Ecommerce Funder, Modernization Fund for Exporters, SMTE Special Project, Tourism Receivables Financing, and Renewable Energy loans. The bank additionally underwrites Trade Credit Insurance — the only such offering in Jamaica — protecting exporters against commercial and political non-payment of receivables.
Is EXIM Bank a public or private company?
EXIM Bank is a private company. It is classified as state government owned and is currently operating.
When was EXIM Bank founded?
EXIM Bank was founded in 1986. It employs 51 to 100 people.
Where is EXIM Bank based?
EXIM Bank is headquartered in Kingston, Jamaica, in the Latin America region.
How does EXIM Bank make money?
Four revenue lines are on record. Interest Income is the primary driver. The others are loan Commitment Fees, processing Fees and trade Credit Insurance Premiums.
Who are EXIM Bank's main competitors?
Direct peers on record are Banco Latinoamericano de Exportaciones (BLADEX) and Development Bank of Jamaica (DBJ). Broad incumbents are Inter-American Development Bank (IDB), Export Development Canada (EDC), UK Export Finance (UKEF), BPI France (Export BU) and Export-Import Bank of the United States (US EXIM Bank). Jamaica National Group (JN Group) is listed as an others. Regional players are Caribbean Development Bank and Export Credit Guarantee Corporation of India (ECGC).
Does EXIM Bank have an API?
No public API is recorded for EXIM Bank.
What industry is EXIM Bank in?
EXIM Bank's product category is Export-Import Banking / Trade Finance. Its primary akta.pro industry code is BPADACAF, Export Credit Agencies (ECAs) & Trade Finance Institutions, with a secondary code of FSABAHAG, Pre-Export & Export Finance (Working Capital, Packing Credit). Its NAICS code is 522 and its SIC code is 6159.