EX-IM BANK ADVANCES KNOW-YOUR-CUSTOMER INITIATIVE, ADOPTS GUIDELINES TO ENHANCE

Ex-Im Bank was chartered by Congress to finance export transactions considered too risky for commercial banks. Nonetheless, Ex-Im Bank has maintained an historical portfolio loss rate of less than two percent, which compares favorably to the loss rates for many commercial banks. In addition, over the past fifteen years, Ex-Im Bank has generated a net positive return for the taxpayer of $4 billion. Despite these successes, the Bank has uncovered instances of fraud in its portfolio and is constantly seeking ways to prevent losses while providing timely service to its customers.