FRGC – Romanian Loan Guarantee Fund

Matasari Street 46
021428 Bucharest
Romania

+40 212523220
+40 212523318
garantare@frgc.ro
http://www.frgc.ro

Year of creation
individual entities or association
1993
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 private
Shareholder structure
Private / Public (in %)
100% private
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.
Fund
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.
Industry, Crafts, Retail, Cooperatives
Size of businesses supported
i.e. large companies, SMEs, micro-enterprises, independent/self-employed
Large companies, SMEs, Micro-enterprises
Supervision statute
i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members
Supervised by the National Bank of Romania
Profit / Non-profit oriented
dividends to public shareholders are not considered as profit orientation
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, Leasing guarantees, Project guarantees, Export guarantees
Other SME support instruments offered by your organisation/your members
Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services
Coaching
Is the activity subject to state aid regulation?No
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)?No