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Tuesday, Apr 26, 2005

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Exim Bank loan disbursement up 64% in 2004-05

Our Bureau

Mumbai , April 25

LOAN disbursement by Export Import Bank of India rose by 64 per cent to Rs 11,435 crore in 2004-05 as compared with Rs 6,957 crore in the previous year. Sanction increased by 71 per cent to Rs 15,853 crore (Rs 9,266 crore).

Foreign currency loan disbursements accounted for 56 per cent of the total during this period.

Disclosing these details, Mr T.C. Venkat Subramanian, Chairman and Managing Director, Exim bank, said the bank extended loans worth Rs 32 crore for seven films, six in Hindi and one in Tamil. The bank has also set up a Small and Medium Enterprises Group to handle proposals from companies with an annual turnover of up to Rs 75 crore. During the year, it sanctioned credit facilities amounting to Rs 133.50 crore to export oriented SMEs.

Mr Subramanian said that 70 per cent of the gross income came from operations while 30 per cent came from treasury gains.

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