FRC S.C. Fondul Roman de Contragarantare S.A.
Andrei Muresanu str. No.16, sector 1
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
|Type of organization|
National Promotional Bank (NPB), National Promotional Institution (NPI), Private, Mutual, Mixed
|Type of scheme|
guarantee or counter-guarantee
guarantee or counter-guarantee or co-guarantee
i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models
Private / Public (in %)
|Private 32% Public 68%|
of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
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|
i.e. local, regional, national
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
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
|Do you benefit from a counter-guarantee at local, regional or national level?|
Local level or Regional level or National level
|Are you/your members financial intermediary for EU-programmes?|
CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020
|Types of guarantee products provided by your organisation/your members||Loan default guarantees, Working capital loan guarantees, Project guarantees, Guarantees in the state's account|
|Other SME support instruments offered by your organisation/your members|
Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services
|Is the activity subject to state aid regulation?||Yes|
|Do you (your members) use..?|
De minimis or GBER or Regional guidelines or Notification
|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|