Ex-Im Financing Contributes to Ongoing Growth in U.S. Exports: Highest 3rd Quarter Total in Bank's History — Up 31% Year to Date

For the first nine months of fiscal year 2011, Ex-Im authorized $21.9 billion, up from $16.7 billion at this time last year -- a remarkable 31% increase. This performance is supporting an estimated $28.1 billion in U.S. exports and approximately 189,000 American jobs.

Ex-Im Bank 3rd Quarter Performance Highlights

The top industry sectors for Ex-Im financing were transportation, such as aircraft and locomotives, energy manufacturing and technology, and telecommunications. Power production — particularly renewable energy — and infrastructure are expected to remain key market sectors for Ex-Im Bank projects.

Sub-Saharan Africa Financing Exceeds $1 Billion for First Time

Ex-Im Bank export financing to Sub-saharan Africa grew significantly in the 3rd quarter breaking a record of over $1 billion in financing, contributing to the overall success of Ex-Im Bank's portfolio.

Two transactions that aided this success were the following:

Ex-Im Bank's Board of Directors approved $805 million for Kusile Power Plant in South Africa and $59 million to enable Rwanda's RwandAir Express to expand its fleet of Boeing aircraft, bringing Ex-Im Bank's current fiscal year financing in Sub-saharan Africa to approximately $1.5 billion. This performance almost doubles the previous record of $812 million achieved during the fiscal year ending last September 30th. South Africa is one of nine countries identified by Ex-Im Bank with tremendous export sales opportunities for U.S. companies.

Additionally, the national flag carrier of Angola, TAAG Angola Airlines is purchasing Boeing 777-300ER aircraft with GE90 engines assisted by an approximately $256 million long-term loan guarantee from Ex-Im Bank. The aircraft will be used to expand TAAG's intercontinental service provided through its all-Boeing fleet. A ceremonial signing took place at Ex-Im headquarters in Washington, D.C.

U.S. Export Growth On Track: The National Export Initiative

Over the last twelve months, total U.S. exports have been growing at an annualized rate of 16.6 % when compared to 2009, a pace greater than the 15% needed to double exports by the end of 2014, which is the goal of President Obama's National Export Initiative (NEI).

Among the major export markets, the countries with the largest annualized increase in U.S. purchase of goods when compared to 2009, are Turkey, South Africa, Panama, Peru, Argentina, Brazil, Taiwan, Thailand, Hong Kong, and Egypt.

Ex-Im Outreach

Chairman Hochberg Says the U.S. Can Lead the World in Exports

In June Ex-Im Bank's 2011 Competitiveness Report was released. This report has been produced annually since 1972, however, this year is the first time the report provides an in-depth look at the expansive export credit practices being used by emerging markets, such as Brazil, India and China.

Highlighting the report, in a policy speech delivered at the Center for American Progress, Chairman Hochberg addressed challenges to U.S. exporting and explained how the Bank can help the U.S. remain a leader in the global marketplace.

"The growth of emerging economies has raised the standard of living for millions of people around the globe," said Chairman Hochberg. "The rise of these emerging economies, and their growing influence in export markets, also means the rules of the game have changed ... state-owned enterprises and state-owned banks are playing a growing, more influential role in the global economy."

"The growth of emerging economies has - and will continue to - raise the standard of living for millions of people around the globe," said Chairman Hochberg. "However, the rise of these emerging economies, and their growing influence in export markets, also means the rules of the game have changed ... state-owned enterprises and state-owned banks are playing a growing, more influential role in the global economy."

Reuters: http://www.reuters.com/article/2011/06/15/us-usa-china-financing-idUSTRE75E6B820110615

Small Business

New Product: Express Insurance

This quarter Ex-Im launched a new product, Express Insurance, to help small businesses expand quickly minimize the risks while increasing export sales. It helps them expand into new foreign markets, add new buyers, and transfer all foreign buyer credit decision making to Ex-Im Bank at an economical cost. It is a "named buyer" short-term policy that simplifies small business access to export credit risk insurance on their foreign accounts receivable. In addition to providing payment risk protection and allowing the extension of competitive credit terms to foreign buyers, the insurance also enables small businesses to obtain lender financing of those receivables through the assignment of policy proceeds. Since the April 2011 introduction, Ex-Im has issued 55 Express Insurance policies.

Global Access for Small Business Initiative Reaching More Small Businesses Across the U.S.

Global Access for Small Business is Ex-Im's program to better serve and engage small businesses and, as a result, increase the number of transactions with these companies. This quarter, Chairman Hochberg and members of Ex-Im Bank's Board of Directors have participated with private organizations as well as local and state representatives in 8 Global Access forums across the country. For example, forums have been held in Long Island, N.Y.; West Long Beach, N.J.; Miami, Fla.; Wilmington, Del., and San Leandro, Calif.

Global Access for Small Business forums have attracted over 2,000 small business owners since the program was launched in January of this year. Attendees have learned about export resources available from a range of government agencies and private organizations. To attend a forum near you, go to the

Phoenix Manufacturer Marks 1,000th New Small Business Customer

Ex-Im Bank reached a new milestone when the 1,000th small business customer joined the list of first-time users of the Bank's export finance products as part of its Global Access for Small Business (Global Access) http://www.exim.gov/sbgport/index.cfm program.

Serverlift, located in Phoenix, Ariz., a high-tech company that specializes in the manufacturing of lifts for transporting and sustaining data center servers, helped bring Ex-Im Bank one step closer to achieving its goal of adding 5,000 new small business customers by 2015 - a central goal of Global Access, which launched in January.

The company secured a $250,000 Express Insurance policy from Ex-Im Bank in June, 2011 with approved foreign buyers in Ireland and Turkey. CFS International, of Irvine, Calif., was the broker for the transaction. This financing product was developed specifically for qualified small businesses; it features a streamlined application and a policy quotation with two foreign-buyer credit indications up to $300,000 within five business days.

Serverlift originally manufactured in China and recently moved operations back to the U.S., resulting in doubling the number of its U.S. employees.

Wall Street Journal http://blogs.wsj.com/in-charge/2011/06/24/more-small-firms-exporting/?mod=google_news_blog

Aircraft Activity

Chairman Hochberg attended the Paris Air Show with other members of the aircraft manufacturing, airline and aircraft finance and leasing industries. The Ex-Im team met with approximately two dozen airlines, leasing companies, aircraft and helicopter manufacturers, engine suppliers and financial institutions. They include Vietnam Airlines, TAM Airlines of Brazil, Norwegian Air Shuttle, Malaysian Airlines, Somon Air of Tajikistan and El Al Israel Airlines, as well as Boeing, Hawker Beechcraft Company, Mitsubishi Aircraft Company, ILFC and CIT. The companies were both existing and potential new Ex-Im Bank customers with whom Ex-Im Bank expects to provide additional support in the future in connection with the export of additional U.S.-manufactured aviation products. The companies represented both existing and potential Ex-Im Bank customers.

During the first nine months of fiscal year 2011, Ex-Im Bank provided $7.7 billion in financing to support the export of approximately 120 commercial aircraft to 14 airlines and 3 leasing companies based in 14 different countries. In addition, during the first nine months of the year, Ex-Im Bank supported the export of a number of business aircraft and helicopters, which is an increasingly important part of Ex-Im Bank's Transportation Division's activity as the demand for these U.S.-manufactured products increases in developing markets such as India, Turkey, Russia, China, other parts of Asia and Latin America. The Ex-Im Bank supported aviation financing for the first nine months of the year are estimated to have supported over 55,000 American jobs.

Fiscal year 2011 is forecast to be a record breaking year in terms of Ex-Im Bank supported exports of U.S.-manufactured aviation related products due to the increased production rates within the U.S., the shortage of commercial financing, and the delivery of new aircraft models. Additionally, increased financing costs from the new 2011 Aircraft Sector Understanding (ASU) has contributed to this surge in demand due to a desire by foreign buyers to acquire aircraft with export credits before the increased financing costs of the 2011 ASU take effect.

G-20 Summit: Carbon Policy

Ex-Im Bank's environmental policy is to improve and enhance the environmental benefits of its projects, working to mitigate environmental consequences or impacts related to Ex-Im support. Ex-Im is the only export credit agency to have adopted a Carbon Policy that provides a framework to evaluate each project before approving a transaction according to potential environmental hazards, such as a large production of greenhouse gases.

As emerging economies grow, they are making significant investments to meet energy and infrastructure needs. American companies are leaders in producing the type of capital goods and services needed to make these investments a success. Ex-Im can provide critical financing to make these transactions possible.

The G-20 summit allowed Chairman Hochberg to highlight the need to adopt agreed upon consistent and transparent carbon policies and practices to create a future built on clean energy technologies.

Trade Finance Magazine Names Ex-Im Bank Best Export Credit Agency in the Americas

At a ceremony in New York City in June, Trade Finance Magazine recognized the Ex-Im Bank as the "Best Export Credit Agency in the Americas," and granted it awards for "Deals of the Year 2010." These deals included the export of Boeing aircraft to Turkish Airlines; mining equipment to Iron Ore Company of Canada; helicopters to the Trinidad and Tobago coast guard; fire-fighting equipment to Ghana; and the Bank's first step into supply chain finance for CNH America.

Senior Vice President of Export Finance, John McAdams accepted these awards on behalf of Ex-Im Bank at the event.

Ex-Im Bank Reauthorized by House Panel

The House Financial Services Committee is in the process of reauthorizing Ex-Im Bank's charter which will increase the cap over the next three years on lender's loans, guarantees, and insurance.

"I am proud to say that we have accomplished all of this work at no cost to the U.S. taxpayer," stated Chairman Hochberg. "Ex-Im Bank more than covers our administrative and program expenses through the fees that we charge to borrowers of the U.S. exports Ex-Im Bank helps to support. In the past five years, we have sent $3.4 billion to the US Treasury.

One of Nine: Spotlight on India

India has been identified by Ex-Im Bank as one of nine key export markets.

"Now more than ever, India will be seeking high quality products and services to meet the growing demands of its consumers. America makes what India needs, and Ex-Im is ensuring that U.S. companies can seize these new export opportunities." — Chairman Hochberg

Authorizations in India have been expanding leading to a current portfolio of over $5.5 billion and there is a demand for clean energy and infrastructure projects that will add to Ex-Im Bank's existing work in the aviation, conventional power, manufacturing, mining, oil & gas, and communications industries. India is likely to surpass Mexico next year as the Bank's number one country for all transactions.

U.S. India Business Council & U.S. India-Economic and Financial Partnership

The Chairman participated on two panels in the third quarter, the U.S. India Business Council and U.S. India-Economic and Financial Partnership, where he discussed India as an emerging market with demands for infrastructure and renewable energy such as solar power.

In FY2011 through June 30, the Bank has approved $75 million in solar transactions in India, which will produce approximately 35 megawatts (MW) of solar power. One example is a $16 million, 16.5-year loan to Azure Power Rajasthan Pvt. Ltd. to purchase thin-film solar modules from First Solar Inc. in Tempe, Ariz, for the construction of a five-MW photovoltaic plant in the state of Rajasthan.

Additionally, Ex-Im Bank authorized a $9.2 million, 18-year loan for thin-film solar modules from Abound Solar Inc. in Loveland, Colo., to Punj Lloyd Solar Power Ltd. for the construction of a five- MW photovoltaic solar power plant in Rajasthan.

The Bank also has approximately $500 million in upcoming Indian solar transactions in the pipeline, which will generate 315 MW of solar power.

Ex-Im Bank Welcomes New Member to Board of Directors, Ex-Im Vice President and Vice Chair, and General Counsel

Ex-Im Bank swore in Sean Robert Mulvaney, Wanda Felton, and Angela Mariana Freyre as newest member of Board of Directors, first Vice President, and new General Counsel to Ex-Im Bank, respectively.

Mulvaney, a Republican of Illinois, was nominated by President Obama on April 8, 2011 and confirmed by the Senate on May 26th, 2011 for the term expiring January 20, 2015. Prior to his appointment, Director Mulvaney served as director of Economic Policy Program at the German Marshall Fund of the United States. Previously, he worked for the U.S. Agency for International Development, where he served until November 2008 as Assistant Administrator for Management, a Presidentially-appointed and Senate-confirmed position.

Freyre, who is trilingual in English, French, and Spanish, has more than 25 years oflegal experience. Ms. Freyre was most recently Senior Vice President and Deputy General Counsel for Legal and Strategic Affairs at The Nielsen Company, a leading global information services company with operations in more than 100 countries. Prior to her position at Nielsen, Freyre was a partner at Coudert Brothers LLP, a New York based international corporate finance firm.

Felton, a Democrat from Washington, D.C., who also serves as vice chair, was nominated by President Obama on April 8, 2011, and was confirmed by the U.S. Senate on May 26, 2011, for a term expiring on January 20, 2013.

Vice Chair Felton has more than 20 years of investment banking and alternative investment advisory experience. Early in her career, she worked in corporate finance, serving clients in the financial services industry. For the past 15 years, she has focused on private equity as an advisor to institutional investors and subsequently raising partnership capital.

Business Development Abroad

The Chairman's business outreach travel for the 4th Quarter include visits to India, Mexico, Panama, Brazil, and Peru to build support for U.S. exports in Latin America, where Ex-Im has established strong ties and further our engagement with India.