FRC S.C. Fondul Roman de Contragarantare S.A.

Calea Plevnei 46-48, Corp A, Sector 1,
010233 Bucharest
Romania

+40371.502.592
+40371.502.599
comunicare@contragarantare.ro; secretariat@contragarantare.ro
http://contragarantare.ro/webincident/ro/cine-suntem.html

Improving access to finance for SMEs, by taking a share of the risk incurred by guarantee funds and thereby support the sustainable functioning of the financial – banking markets in Romania, is the major component that determines the coordinates of the Romanian Counter-guarantee Fund vision. By its activity, the Romanian Counter-guarantee Fund ensures increasing confidence of banks and other categories of lenders in the solidity and solvency of the guarantee funds and general financial market in the development of the SME sector and business environment, with direct implications on job preservation, increased production and services, absorption of EU funds, mitigation and elimination of the effects of the crisis and the resumption of economic growth.

Year of creation
individual entities or association
2010
Type of scheme
guarantee or counter-guarantee
Countergarantee
Product typology
guarantee or counter-guarantee or co-guarantee
Counter-guarantee
Ownership
i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models
Private-public
Shareholder structure
Private / Public (in %)
Private 32% Public 68%
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.
Fund
Legal form
of members of an association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
Foundation (FPP) + central public authority (MFP, Ministry of Public Finance)
Structure / Network
i.e. central scheme with regional offices, central scheme only, association network
Central scheme only
Geographic coverage
i.e. local, regional, national
National
Sectorial focus
i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc.
Agriculture, Industry, commerce, transportation
Size of businesses supported
i.e. large companies, SMEs, micro-enterprises, independent/self-employed
SMEs, Micro-enterprises
Supervision statute
i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members
Financial intermediary statute
Profit / Non-profit oriented
dividends to public shareholders are not considered as profit orientation
Non-profit oriented
Do you benefit from a counter-guarantee at local, regional or national level?
Local level or Regional level or National level
No
Are you/your members financial intermediary for EU-programmes?
CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020
No
Types of guarantee products provided by your organisation/your membersLoan default guarantees, Working capital loan guarantees, Project guarantees
Other SME support instruments offered by your organisation/your members
Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services
No
Is the activity subject to state aid regulation?Yes
Do you (your members) use..?
De minimis or GBER or Regional guidelines or Notification
De minimis
Do you (your members) dispose of an internal rating/scoring system?No
Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)?No
Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)?No