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 membersLoan 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