AECM, European Association of Guarantee Institutions

News from our members

October 2017

Our Spanish member CESGAR has launched a new unified portal for all the mutual guarantee institutions in Spain, find out more about “Con Aval Sí”.

Visit the website

30 giugno 2016

The European Investment Fund and Bpifrance have signed on February 1st a guarantee agreement – the first in France supported under the new Cultural and Creative Sectors Guarantee Facility from the EU’s Creative Europe programme

13 marzo 2017

The European Union’s support allows Bpifrance to create a new financing product (Prêt Industries Créatives) which will target a portfolio of EUR 30 million of loans to companies over the next two years. More than 200 SMEs in the cultural and creative sectors (including film, theatre, video game production, music and performance, and editorial sectors) are expected to access this new programme which will be available in June this year. Read more

9 marzo 2017

Innovative entrepreneurs have received loans in the amount of PLN 457 m thanks to guarantees granted by Bank Gospodarstwa Krajowego (Poland). In the last year innovative entrepreneurs could receive free guarantees offered by BGK. More than PLN 250 m from the Guarantee Fund has enabled companies to raise financing from commercial banks in the amount of  PLN 457 m. PLN 250 m funding came from the  (untapped) funds from Innovative Economy Operational Programme. Read more

31 agosto 2017

 The European Investment Fund (EIF) and our Member Bank Gospodarstwa Krajowego (BGK) are doubling the size of their loans to Polish SMEs from PLN 1 billion to PLN 2 billion (ca. €500 million). The loans are expected to reach close to 10 600 small businesses and entrepreneurs across Poland. The agreement comes under the COSME programme, the European Commission’s programme for small and medium-sized enterprises (SMEs) and it is made possible by the support of the Investment Plan for Europe, or so-called “Juncker Plan”. Read more

Selected events

22-23 February 2018

OECD Ministerial Conference on SMEs in Mexico

The Ministerial Conference on Small and Medium-Sized Enterprises (SMEs) will offer a crucial platform for addressing how governments can provide SMEs with the right conditions to maximise their contributions to productivity growth and social inclusion. 
More info

5-6 June 2018 

Fourth annual EU conference on EAFRD financial instruments for agriculture and rural development in 2014-2020 in Sofia
More info

18- 19 October 2018

XXIII Foro Iberoamericano in Porto (Portugal) organized by SPGM and REGAR



AECM has 42 member organizations operating in 26 EU countries, Bosnia and Herzegovina, Serbia, Russia 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. In 2013, AECM member organizations had a total guarantee volume in portfolio of over 76 bn. EUR and issued a total volume of over 25 bn. EUR of new guarantees (provisional figures).


Our members

The AECM members 


  • We’re hiring!

    Want to join the AECM team? We are looking for a Senior Financial Officer for our office in Brussels. Find out all […]

  • Our new Statistical Scoreboard is out, with the figures from the AECM members for the 1 Semester 2017. Find it in our […]

  • AECM will hold its next Operational Training Session in Sofia, Bulgaria, on 3 and 4 May 2018: the theme of discussion will […]