Exim Bank Earns Over $803 Millions for U.S. Taxpayers
The Export-Import Bank of the U.S. earned over $803 million for taxpayers above the cost of all operations in the fiscal year ended Sept. 30, it said Oct. 5. The funds have been transferred to the U.S. Treasury General Fund,…
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it said. Although the books haven't yet been fully closed on FY 2012, “it looks like we'll again have another record-setting year,” said Chairman Fred Hochberg. From fiscal years 2008-2012 the bank sent a net amount of $1.6 billion to the Treasury, it said.