The Greek Engineers and Public Works Contractors Fund, or TMEDE, was established in January 2017 with 31,000 individual members and 6,000 SMEs. Its principal purpose is to provide financial services in the form of loans and guarantees, and it operates under the guiding principles of solidarity and equitable distribution of risk among its members. TMEDE […]
Européenne de Cautionnement (EDC) was created in 1928 by entrepreneurs. Located in Paris, the EDC Group has 24,000 professional customers including small businesses, and merchants. The EDC Group provides guarantees to suppliers to help customers having payment facilities. As of end-2021, EDC had an outstanding guarantee volume of almost bEUR 1.8. AECM accession year 2018 […]
Finnvera provides financing for the start, growth and internationalisation of enterprises and guarantees against risks arising from exports. It strengthens the operating potential and competitiveness of Finnish enterprises by offering loans, domestic guarantees, export credit guarantees and other services associated with the financing of exports. The risks included in financing are shared between Finnvera and […]
The Kosovo Credit Guarantee Fund (KCGF) is a local, independent, sustainable credit guarantee facility, usually issuing portfolio loan guarantees to financial institutions to cover up to 50% of the risk for loans to micro, small, and medium enterprises (MSMEs). Whereas, for some segments of the market if needed, the guarantee coverage might be up to […]
MPME is a mutual guarantee scheme, established in 1949 as a cooperative society on the initiative of the Chamber of Skilled Trades and Crafts and the Federation of Craftsmen. If the original aim of the Cooperative was helping in the reconstruction of the skilled trades and crafts sector after the destructions of World War II, […]
The Strategic Banking Corporation of Ireland (SBCI) was set up in September 2014, following Ireland’s exit from the EU/IMF programme, to ensure that Irish SMEs have access to stable, lower cost, long-term funding options. By supporting and helping to develop an effective credit market for SME finance, the SBCI ensures that it is easier for […]
The UK Government established the British Business Bank (BBB), a state-owned development bank, in 2013. Owned by the Department for Business, Energy and Industrial Strategy, the bank’s main office is in Sheffield, Yorkshire. The BBB’s mission is to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero […]
Slovenian Regional Development Fund (SRDF) acts as one of the key institutions of regional development policy in Slovenia since 1995. It aims for a more sustainable achievement of long-term public goals in the development of regions, rural areas and protected areas. Beneficiaries are SME’s, farmers, holdings, co-operatives, municipalities and non- profit organisations. As a primary […]
The Guarantee Fund of the Autonomous Province of Vojvodina was established by the decision of the Assembly of the Autonomous Province of Vojvodina in 2003. The fund was established with the task of facilitating access to the financial market and providing more favourable lending conditions than those offered by banks. The fund realises this task […]
In order to promote small and medium-sized businesses’ development and competitiveness by improving their access to finance, the government of Hungary and major representatives of the financial community, including commercial banks, savings and co-operatives banks as well as professional interest representation organisations established a joint-stock company under the name Creditguarantee Ltd. in 1992. The company’s […]
