FOR IMMEDIATE RELEASE November 9, 2011
Jamie Radice: 202-565-3200
Honolulu, Hawaii - The Export-Import Bank of the United States (Ex-Im Bank) today announced that Patricia M. Loui of Honolulu was formally sworn-in as the newest member of Ex-Im Bank's board of directors. Loui was nominated by President Obama in May 2011 and was confirmed by the U.S. Senate on November 1, 2011.
Prior to her appointment, Loui was the founder and chairman of OmniTrak Group Inc. She previously worked at Bank of Hawaii, a regional bank with an international portfolio, and she served as a development planner for the United Nations in the Asia-Pacific region. She has lived and worked in China, India, Indonesia, Japan, Korea, Malaysia, Nepal, Pacific Islands, Philippines, Thailand and Vietnam.
Director Loui brings a wealth of international experience to the Bank, and we are delighted to have her on board, said Ex-Im Bank Chairman Fred P. Hochberg, who is currently in Hawaii participating in the Asia-Pacific Economic Cooperation (APEC) forum. Asia and the Pacific Rim present enormous opportunities for U.S. businesses. Her experience in these regions of the world will help Ex-Im Bank support the president's goal of doubling U.S. exports by the end of 2014.
In addition to attending APEC's forum, Hochberg will also address Hawaiian small- and medium-sized business owners on how exports can grow their businesses.
About Ex-Im Bank:
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. 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.
Ex-Im Bank approved more than $32 billion in total authorizations in FY 2011 -- an all-time record. This total includes more than $6 billion directly supporting small-business export sales. Ex-Im Bank's total authorizations are supporting more than $40 billion in U.S. export sales and an estimated 300,000 American jobs in communities across the country. Additional information is available at www.exim.gov.