The bank's loan approval and disbursements increased by 23 per cent each, while loan assets grew by 25 per cent in FY08.
"We are aiming to grow 25 per cent in line with the export growth in FY09. We are extending $1 billion credit line, which will support export of projects," EXIM Bank Chairman and Managing Director T C Venkat Subramanian told reporters here today.
Bank's loan approvals aggregated Rs 32,805 crore during FY08, compared to Rs 26,762 crore in the previous year. Disbursements aggregated at Rs 27,159 crore, compared to Rs 22,076 crore last year, he said.
Loan assets increased by 25 per cent to Rs 29,152 crore, against Rs 23,274 crore in FY07.
The net NPAs of the bank decreased to 0.29 per cent of net loan assets as on March 2008, compared to 0.50 per cent in the previous year.
During FY08, the bank extended 17 lines of credit (LOC) aggregating $704 million, covering 39 countries to support export of projects, goods and services from India, Subramanian said.
89 LOCs covering 89 countries in Africa, CIS, Europe and Latin America, with credit commitments aggregating $2.96 billion are currently available for utilisation, while a number of prospective LOCs are at various states of negotiation, he said.
