AECM, European Association of Guarantee Institutions
News from our members
The European Investment Fund (EIF), Artigiancredito Toscano (ACT) and five guaranteeing institutions (‘confidis’), have signed an umbrella agreement in Italy under the European Commission’s COSME programme. This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. Read more
The European Investment Fund (EIF), Banque Populaire and the Federation Nationale des SOCAMA (SOCAMA) have signed an agreement to support additional EUR 1 billion of loans to small and medium-sized enterprises (SMEs) in France. The loans will be provided as a result of a guarantee from EIF under the European Commission’s COSME programme. This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. Read more
On the 16 January 2017, the Portuguese government, IAPMEI, PME Investimentos and the Portuguese mutual guarantee scheme, member of AECM, launched a new 1,6 billion euros credit line with partial guarantee (from 50% to 70%) from the private mutual guarantee societies (MGS) and partial public counterguarantee (up to 65%) ) from the FCGM, managed by SPGM. Read more
EIF and CMZRB sign extension of COSME agreement: an amendment to the COSME agreement signed between the European Investment Fund and the Czech-Moravian Guarantee and Development Bank in December 2016 enables to guarantee loans for small entrepreneurs in an additional amount of EUR 370m (CZK 10bn) during next two years. Read more
Our Selected Events
May 19 2017
Joint conference of the European Commission and European Central Bank on European Financial Integration
Once a year, the European Commission and the European Central Bank organise a joint conference on financial integration in Europe. The 2017 conference will be held in Brussels on 19 May and will focus on the latest developments of the financial sector, as well as Banking Union and the Capital Markets Union as catalysts for further financial integration in Europe.
AECM has 41 member organisations operating in 21 EU countries, Bosnia and Herzegovina, Russia, Serbia and Turkey. Its members are mutual, private sector guarantee schemes as well as public institutions, which are either guarantee funds or Development banks with a guarantee division. They all have in common the mission of providing loan guarantees for SMEs who have an economically sound project but cannot provide sufficient bankable collateral.