April 4, 2013
/PRNewswire-USNewswire/ -- J.P. Morgan received the
Lender of the Year
award from the Export-Import Bank of
the United States
(Ex-Im Bank). The award was presented at the Bank's 38th Annual Conference in
J.P. Morgan has consistently been among the top five most active users of the bank's Working Capital program. In FY 2012, J.P. Morgan's use of the Bank's Working Capital product numbered 36 transactions, totaling more than
going to small businesses.
"J.P. Morgan has done a terrific job of reaching small- and medium-sized businesses," said Ex-Im Bank Chairman and President
Fred P. Hochberg
. "We look forward to continuing our work with J.P. Morgan and ensuring that American exporters have access to the financing they need to grow their companies and succeed in the international market."
"J.P. Morgan is devoted to helping small and medium businesses remain competitive in the global marketplace, and our work together with Ex-Im Bank is a cornerstone of that effort," said
, global trade sales head at J.P. Morgan's Corporate & Investment Bank. "We are honored to receive this award and look forward to maintaining and growing our partnership with Ex-Im Bank to reach clients across all sectors."
was the first lender to sign the master guarantee agreement for participation in the Supply Chain Finance Program. Ex-Im Bank's supply chain finance guarantee is an innovative product that provides liquidity and strengthens the U.S. export supply chain to help create and maintain jobs, especially for small business suppliers.
's 2013 Annual Conference will feature prominent members of the business and government community including Vice President
, Transportation Secretary
, former Treasury Secretary
, former National Security Advisor General
, Xerox Corporation CEO
, and Citibank Chairman Michael O'Neill. A full listing of speakers, panelists, and moderators is available on Ex-Im's website:
About Ex-Im Bank
is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly
above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.
in total authorizations in FY 2012 – an all-time Ex-Im record. This total includes more than
directly supporting small-business export sales – also an Ex-Im record. Ex-
's total authorizations are supporting an estimated
in U.S. export sales and approximately 255,000 American jobs in communities across the country. For more information, visit