Washington, DC: Today the Export-Import Bank of the United States (EXIM Bank) released its Fiscal Year 2015 Annual Report highlighting its support of more than $17 billion in U.S. exports and an estimated 109,000 U.S. jobs. The Bank also announced it has transferred $431.6 million in deficit-reducing receipts to the U.S. Treasury’s General Fund for fiscal year 2015.
EXIM Bank is a self-sustaining federal agency and operates at no cost to the taxpayers. Over the last two decades, EXIM Bank has generated a surplus of almost $7 billion for U.S. taxpayers.
“The Bank is proud to help level the playing field for American businesses who offer the world’s highest-quality goods and services to global markets,” said Fred P. Hochberg, EXIM chairman and president. “In the months ahead, we will redouble our efforts to ensure U.S. businesses – particularly small businesses – have every tool available to be on equal footing with their foreign competitors to win sales and create more jobs.”
Among the highlights from the 2015 Annual Report:
• EXIM support 109,000 American jobs.
• EXIM supported $17.0 billion in exports at no cost to American taxpayers.
• EXIM supported more than $3.1 billion of exports from U.S. small businesses.
• Nearly 90% of transactions directly supported U.S. small businesses.
• EXIM Bank had a default rate of 0.235 % as of Sept. 30, 2015
• Remitted $431.6 million to the U.S. Treasury for debt reduction.
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