The FINANCIAL -- The
Export-Import Bank of the United States (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, according to Ex-Im Bank.
"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 Ex-Im Bank Chairman and President Fred P. 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.