Hungarian Export-Import Bank

What Hungarian Export-Import Bank does

Hungarian Export-Import Bank (Eximbank Zrt.) is a state-owned export credit agency (ECA) founded in 1994 and wholly owned by the Hungarian State, headquartered in Budapest. It operates a dual structure alongside its insurance subsidiary MEHIB Zrt., delivering an integrated suite of export financing, refinancing, guarantees and export credit insurance to Hungarian exporters and their foreign buyers. The institution serves more than 7,100 corporate clients — approximately 87% of which are SMEs — and reports activity in roughly 150 countries, supported by 251–500 employees, 15 commercial bank partners and 15 leasing partners. Its balance sheet stood at HUF 3,995 billion in 2025, with new loan disbursements of HUF 1,123 billion in the same year and after-tax profit of HUF 28.2 billion.

The product set spans working capital and investment loans, refinancing lines through partner banks, export buyer's credit, counter-trade financing, and — through MEHIB — short-term and medium/long-term export credit insurance plus surety, FX risk and investment insurance. Funding is raised through a state-guaranteed framework (ceiling HUF 4,300 billion, 83.62% utilized), an active international debt issuance program in EUR and USD, and refinancing facilities from multilateral institutions including the EIB, EBRD, IFC and CEB, alongside bilateral arrangements with peer ECAs such as China EximBank. Eximbank carries investment-grade ratings (BBB/Fitch, BBB-/S&P) and maintains a published Green Financing Framework that has been tapped for labelled green bond issuance and an EIB green facility.

Revenue mechanics are characteristic of a development bank / ECA: net interest income on the loan book, guarantee and insurance underwriting fees, and investment income on liquid assets, all funded at a structural cost advantage derived from the state guarantee and multilateral refinancing lines. The strategic posture is one of moderate balance-sheet growth, selective geographic reallocation (including the 2025 exit from the Moscow office), and deepening of ESG-themed lending and funding rather than aggressive expansion.

Name

Hungarian Export-Import Bank

Legal name

Magyar Export-Import Bank Zártkörűen Működő Részvénytársaság

Website

https://exim.hu

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

251–500 employees

Short description

Hungarian Export-Import Bank (Eximbank Zrt.) is Hungary's state-owned export credit agency, founded in 1994, providing export financing, guarantees, and credit insurance through Eximbank and its MEHIB insurance subsidiary to over 7,100 Hungarian corporate clients — predominantly SMEs — operating in approximately 150 countries.

Ownership category

akta.pro rank

Product category

Export Finance

NAICS

Commercial Banking (522110), Credit Intermediation and Related Activities (522), Commercial Banking (52211), Sales Financing (52222)

SIC

National Commercial Banks (6021), Federal & Federally-Sponsored Credit Agencies (6111), Insurance Agents, Brokers & Service (6411), International Affairs (9721)

akta.pro primary industry

Structured Trade & Export Credit (ECA-backed, Structured Solutions) (FSABAHAJ)

akta.pro secondary industries

Export Credit Agencies (ECAs) & Official Export Finance (FSABAKAC), Pre-Export & Export Finance (Working Capital, Packing Credit) (FSABAHAG), Export Credit Agencies (ECAs) & Trade Finance Institutions (BPADACAF), Import & Buyer Finance (Import Loans, Trade Loans) (FSABAHAH), Open Account Trade Finance (Receivables/Payables Finance) (FSABAHAB)

Keywords

• Export credit financing
• Export credit insurance
• Trade finance
• Working capital loans
• Investment financing

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Others, Marketing or Sales

Revenue model

1. Export Credit Financing: EXIM provides direct loans to Hungarian exporters for international business development, working capital, and investment financing. Interest income from these loans constitutes a primary revenue stream.
2. Export Credit Insurance (MEHIB): The Magyar Exporthitel Biztosító (MEHIB) subsidiary provides export credit insurance to protect Hungarian exporters against buyer default and political risks in foreign markets. Premium income from insurance policies generates revenue.
3. Guarantee Services: EXIM offers guarantee products for exporters, including payment guarantees, performance bonds, and advance payment guarantees. Guarantee fees constitute a revenue stream.
4. Bond Issuance: EXIM raises capital through domestic Hungarian bond issuances (HUF-denominated retail bonds) and international bond offerings (EUR and USD denominated). This provides funding for lending operations rather than direct revenue.
5. Refinancing to Partner Banks: EXIM refinances partner commercial banks that originate loans to exporters, earning spread income on these refinancing arrangements. 15 commercial banks and 15 leasing partners participate.
6. Capital Fund Investments: EXIM manages and co-invests in private equity and venture capital funds targeting Hungarian and Central European companies, including funds focused on the China-CEE region, agricultural sectors, and automotive industries.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Hungarian Export-Import Bank (EXIM) operates as Hungary's official export credit agency through two integrated entities: Eximbank Zrt. provides export financing, working capital loans, investment financing, leasing, guarantees, and buyer financing and discounting; MEHIB Zrt. provides export credit insurance covering commercial and political risks. The offering is targeted at Hungarian exporters — primarily SMEs and large enterprises — and is complemented by the DEMJÁN SÁNDOR subsidized credit program, the Green Financing Framework for sustainable investments, and capital fund investments supporting internationally competitive Hungarian and Central European companies.

Product overview

EXIM operates as Hungary's official export credit agency under a dual-structure model combining Eximbank Zrt. (the state-owned export-import bank providing financing) and MEHIB Zrt. (the Hungarian Export Credit Insurance company providing insurance). Together they offer integrated financing and insurance solutions. The core products include export credit financing, working capital loans (Forgóeszközhitel), investment financing (Beruházásfinanszírozás), leasing, guarantees (Garancia), buyer financing and discounting, and export credit insurance. Special programs include the DEMJÁN SÁNDOR PROGRAM offering subsidized credit with rates from 3.2% for EUR green investments, and a dedicated Green Financing Framework for sustainable projects. Additional services include capital fund investments through EXIM INVEST, country risk assessments, and export education resources.

Differentiator

Problem solved

Functional benefit

Products and services

• Forgóeszközhitel (Working Capital Loan) Short-to-medium term financing for enterprises to cover operational capital needs, available in EUR and HUF with rates up to a maximum of 4.21% in EUR and 5.46% in HUF. Used by Hungarian exporters and SMEs to bridge working capital gaps tied to international trade cycles.
• Beruházásfinanszírozás (Investment Financing) Medium-to-long term financing for capital investments, machinery, equipment and facility expansions, with investment loan rates starting from 4.2% in EUR and 5.46% in HUF. Targeted at SMEs and large enterprises undertaking growth investments.
• Lízing (Leasing) Leasing solutions for equipment, machinery and vehicle acquisition, distributed through EXIM's network of 15 leasing partners. Targets exporters and domestic businesses undertaking investment.
• Befektetés (Investment) Investment financing solutions for business growth and expansion initiatives by Hungarian enterprises, structured under EXIM's investment programs.
• Garancia (Guarantee) Bank guarantees and surety services supporting exporters in meeting contract requirements abroad, including payment guarantees, performance bonds and advance payment guarantees.
• Vevőfinanszírozás és leszámítolás (Buyer Financing and Discounting) Financing solutions for foreign buyers of Hungarian exports and discounting of export receivables, supporting export sales by providing liquidity to both exporters and their overseas buyers.
• Exporthitel-biztosítás (Export Credit Insurance) Insurance products issued by MEHIB Zrt. covering export receivables against commercial and political risks, including buyer credit insurance. Pricing is quote-based, depends on country risk and buyer creditworthiness, and includes a 50% discount for new customers on deferred payment receivables insurance.
• DEMJÁN SÁNDOR Program (DEMJÁN SÁNDOR HITELPROGRAM EXIM KONSTRUKCIÓK) Subsidized credit program offering favorable fixed interest rates for investment, working capital and leasing purposes to SMEs and large enterprises. Green investment loans start from 3.2% in EUR / 3.46% in HUF, and investment loans from 4.2% in EUR / 5.46% in HUF.
• Tőkealapok (Capital Funds) Private equity and venture capital fund investments managed and co-invested by EXIM INVEST to support internationally competitive companies with 5–15 year investment horizons. Includes domestic funds (Columbus, Enter Tomorrow Europe, Europa Agrár, EXIM Exportösztönző, etc.) and international funds (China CEE Co-operation Fund, Three Seas Initiative, etc.).
• Zöld Finanszírozási Keretrendszer (Green Financing Framework) Sustainable financing framework supporting green investments, renewable energy and environmental projects, including green investment loans with favorable terms. Operational since 2022 and reported annually under EU and international standards.
• Eximbank Zrt. (Magyar Export-Import Bank) The state-owned Hungarian export-import banking entity providing direct export financing, working capital loans, investment financing, guarantees and refinancing to Hungarian exporters and their foreign partners.
• MEHIB Zrt. (Magyar Exporthitel Biztosító) The Hungarian export credit insurance entity providing credit insurance, buyer credit insurance and political risk insurance for Hungarian exporters. A full member of the Berne Union since 2000.

Quantifiable outcome

• Served over 7,100 corporate clients
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core, major and minor.

• China EximBankcoreStrategic or Co-development PartnerEXIM joined the China-Central Eastern Europe Investment Fund in 2013 with 30 million USD participation. The fund, with 500 million USD total capital, enables Hungarian companies to access Chinese investment and improve capital structures for domestic enterprises.
• European Bank for Reconstruction and Development (EBRD)coreStrategic or Co-development PartnerEBRD supports Hungary's transition to market economy since 1991. EXIM cooperation aims to strengthen Hungary's role as an export platform for technology and skills-intensive products, supporting financial sector stability, transport efficiency, and energy development.
• International Finance Corporation (IFC)coreStrategic or Co-development PartnerEXIM created a cooperation Trust Fund with IFC in March 2014, pioneering role in Central and Eastern Europe. The fund helps Hungarian export SMEs connect with IFC-financed projects. Agreement extended in 2021 for another three years.
• Export-Import Bank of the United States (US Exim)majorStrategic or Co-development PartnerBilateral cooperation agreement signed September 23, 2019, facilitating cooperation between US and Hungarian export credit agencies for mutual support of exporters.
• Export Credit Bank of Turkey (Türk Eximbank)majorStrategic or Co-development PartnerBilateral cooperation agreement. First agreement signed October 10, 2018, with renewal/update on February 8, 2021.
• Export Credit Greece S.A.majorStrategic or Co-development PartnerBilateral cooperation agreement signed May 23, 2024, facilitating Greek-Hungarian trade and mutual support for exporters in both countries.
• China Export & Credit Insurance Corporation (SINOSURE)majorStrategic or Co-development PartnerCooperation agreement signed July 3, 2018, enabling mutual support for Chinese and Hungarian exporters.
• Korea Trade Insurance Corporation (K-SURE)majorStrategic or Co-development PartnerCooperation agreement signed November 3, 2021, facilitating Korean-Hungarian export trade support.
• Export Development Canada (EDC)majorStrategic or Co-development PartnerCooperation agreement signed March 21, 2018, enabling mutual support for Canadian and Hungarian exporters.
• Bpifrance Assurance ExportmajorStrategic or Co-development PartnerCooperation agreement signed October 17, 2019, facilitating French-Hungarian export cooperation.
• African Trade Insurance Agency (ATI)minorStrategic or Co-development PartnerCooperation agreement signed May 12, 2022, supporting African trade and investment opportunities for Hungarian exporters.
• Uzbekistan Financial Institutions (Multiple)minorStrategic or Co-development PartnerMultiple cooperation agreements with Uzbekistan institutions including Ziraat Bank Uzbekistan JSC (Feb 2024), Uzbekistan Direct Investment Fund (Oct 2022), Uzbek Industrial and Construction Bank (Oct 2022), National Bank for Foreign Economic Activity of Uzbekistan (Oct 2022), and Asakabank (Oct 2022).
• Berni UnioncoreStrategic or Co-development PartnerMEHIB has been a full member of the Berne Union since 2000. The organization brings together state-owned export credit insurance companies, providing a forum for information exchange and promoting uniform international principles for export credit insurance.
• EAPB (European Association of State Banks)minorStrategic or Co-development PartnerEXIM is a member of EAPB, which represents approximately 100 financial institutions from European countries, with combined balance sheet of 3,500 billion EUR and nearly 190,000 employees (15% European market share).
• BACEE (Banking Association for Central and Eastern Europe)minorStrategic or Co-development PartnerEXIM participates in BACEE, headquartered in Budapest, which focuses on business expansion in the region with attention to high-risk countries. The association prepares analyses on CEE countries and financial institutions.

Scale indicators14 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• African Trade Insurance Agency (ATI): Multilateral export credit and political risk insurer serving African markets. Comparable to MEHIB through its political risk insurance mandate and bilateral agreement with EXIM (May 2022).
• China Eximbank (Export-Import Bank of China): China's policy bank financing foreign trade and outbound investment. Strategic partner with EXIM via the China-CEE Investment Fund (2013, USD 30M EXIM participation) and shared DFI/ECA mandate.
• Bpifrance Assurance Export: French ECA providing export credit insurance and guarantees for French exporters. Comparable to EXIM through its dual financing/insurance mandate and EU peer profile (bilateral agreement Oct 2019).
• Export Development Canada (EDC): Canada's export credit agency offering financing, insurance, and bonding to Canadian exporters. Directly comparable in product scope and bilateral relationship with EXIM (agreement March 2018).
• Export Credit Greece S.A. Greece's official export credit agency providing credit insurance and guarantees for Greek exporters. Small ECA peer with a recent bilateral agreement (May 2024), comparable in product scope and size.
• Türk Eximbank (Export Credit Bank of Turkey): Turkey's official export credit agency providing export financing, credit insurance, and guarantees to Turkish exporters. Directly comparable to EXIM in mandate, dual banking/insurance structure, and state ownership model.
• Korea Trade Insurance Corporation (K-SURE): South Korea's official export credit agency providing trade insurance and credit guarantees. A direct ECA peer with bilateral cooperation agreement with EXIM signed in November 2021.
• Export-Import Bank of the United States (US EXIM): The U.S. official export credit agency offering loans, guarantees, and insurance to support U.S. exports. A natural direct peer given EXIM's bilateral cooperation agreement (Sept 2019) and overlapping ECA mandate.
• China Export & Credit Insurance Corporation (SINOSURE): China's state-owned export credit insurance corporation providing political and commercial risk cover for Chinese exporters. Comparable to MEHIB and EXIM through its ECA role and bilateral agreement (July 2018).

Broad incumbents

• Council of Europe Development Bank (CEB): European multilateral development bank with social/economic development mandate. Comparable via EXIM's EUR 50M facility agreement (July 2015) and overlapping SME financing focus, though broader in scope than EXIM.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/eximhungary
• LinkedInlinkedin.com/company/exim-hungary

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hungarian Export-Import Bank