Ex­im­bank has ex­pe­ri­enced a drop in its main rev­enue con­trib­u­tors, loan port­fo­lio and af­ter-tax prof­its."The year in re­view saw a de­cline in the maiun rev­enue con­trib­u­tors, as well as a re­duc­tion of 3.9 per cent in our loan port­fo­lio year af­ter year, with af­ter-tax prof­its low­er by 9.8 per cent at $3,077,452," wrote chair­man Ruthven Boy­er Jag­gas­sar in pub­lished re­sults.

Jag­gas­sar said some of the fac­tors which af­fect­ed per­for­mance in­clud­ed un­usu­al staff turnover in the crit­i­cal cred­it and busi­ness de­vel­op­ment ar­eas, in­abil­i­ty to of­fer more at­trac­tive rates than oth­er­wise ob­tain­able by ex­porters, slug­gish per­for­mance in the non-hy­dro­car­bon ex­port sec­tor and re­cov­ery dif­fi­cul­ties be­ing ex­pe­ri­enced by re­gion­al economies.

"We are cur­rent­ly in dis­cus­sions with the share­hold­er to agree on a cap­i­tal in­jec­tion pro­gramme over the next five years, which would pro­vide us with the in­ter­est rate lever­age for mar­ket pen­e­tra­tion and with our re­cent man­date ex­pan­sion to in­clude term fi­nanc­ing for cap­i­tal goods and fac­to­ry/ware­house fa­cil­i­ties, we ex­pect a stronger 2013 per­for­mance," he said.

Jag­gas­sar said Ex­im­bank will short­ly be in­tro­duc­ing a new prod­uct with an in­ter­est rate struc­ture that would ben­e­fit ex­porters on an in­cre­men­tal ba­sis as they ex­pe­ri­ence ex­port growth an­nu­al­ly.