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Article: Ex-Im Bank Hits 75-Year Financing High in Fiscal 2009.
- Article from:
- Business Wire
- Article date:
- October 14, 2009
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Records Set for Overall Financing as Well as Small Business Support
WASHINGTON -- The Export-Import Bank of the United States (Ex-Im Bank) achieved its highest financing level since its establishment in 1934, authorizing more than $21 billion in support of U.S. exports during the fiscal year just concluded. The Bank also set a record for financing of U.S. small business exports at $4.36 billion.
"Ex-Im Bank helped fill the gaps in trade financing created by the international economic crisis, just as Congress intended when it created the Bank during the 1930s," said Ex-Im Bank Chairman and President Fred P. Hochberg. "That has enabled us to help create and ...