FNGCIMM – National credit guarantee fund for SMEs
38, Stefan Iulian Street, Bucharest 011248
Romania
021-310.18.74, 021-310.19.37
+40 2131011924
info@fngcimm.ro
http://www.fngcimm.ro
| Year of creation individual entities or association | 2001 |
| Type of scheme guarantee or counter-guarantee | Guarantee |
| Product typology guarantee or counter-guarantee or co-guarantee | Guarantee |
| Ownership i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models | Fully Public |
| Shareholder structure Private / Public (in %) | 100% public |
| Legal form of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc. | (non-banking) financial institution, incorporated as company |
| Structure / Network i.e. central scheme with regional offices, central scheme only, association network | Central scheme with regional offices |
| Geographic coverage i.e. local, regional, national | National |
| Sectorial focus i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc. | SMEs and other beneficiaries of governmental guarantee programs (local governments; associations, national research institutes, individuals). |
| Size of businesses supported i.e. large companies, SMEs, micro-enterprises, independent/self-employed | SMEs, Micro-enterprises, Independent/Self-employed |
| Supervision statute i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members | Non-banking financial institution, registered and supervised by the National Bank of Romania (NBR) |
| Profit / Non-profit oriented dividends to public shareholders are not considered as profit orientation | State-owned company with legal obligations to operate as a self-sustainable SME guarantee scheme and to pay at least half of the net profit as dividend to the sole public shareholder |
| Do you benefit from a counter-guarantee at local, regional or national level? Local level or Regional level or National level | National level - The Romanian Counter-guarantee Fund |
| Are you/your members financial intermediary for EU-programmes? CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020 | Structural funds - FNGCIMM was the financial intermediary for the Fisheries guarantee scheme funded from EFF 2007-2013 |
| Types of guarantee products provided by your organisation/your members | Loan default guarantees, Working capital loan guarantees, Bridge financing loan guarantees, Housing guarantees, Guarantees for farmers, agribusiness, for businesses in the fishing industry, for local governments, and for research entities |
| Other SME support instruments offered by your organisation/your members Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services | Advice for the SMEs looking for adequate finance (FNGCIMM guaranteed bank loans) |
| Is the activity subject to state aid regulation? | Yes |
| Do you (your members) use..? De minimis or GBER or Regional guidelines or Notification | No |
| Do you (your members) dispose of an internal rating/scoring system? | Yes |
| Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)? | Yes |
| Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)? | Yes |
