Guarantee Fund of the Republic of Srpska
Street Vidovdanska 2 - V Floor
78000 Banja Luka
Republic of Srpska
Bosnia and Herzegovina
+387 51 231380
+387 51 231380
info@garantnifondrs.org
http://www.garantnifondrs.org
The Guarantee Fund of the Republic of Srpska was established in 2010 in order to achieve general interest expressed in support of entrepreneurship development by facilitating access to the financial resources necessary for conducting business activities of SMEs and Entrepreneurs who have residence in the Republic of Srpska.
The essence of the Fund is to support development projects, those which could not be supported by commercial banks due to lack of collateral.
The mission of the Guarantee Fund of the Republic of Srpska to facilitate access to finance for SMEs and Entrepreneurs in Republic of Srpska through the issuance of guarantees.
The mission of the Guarantee Fund of the Republic of Srpska to facilitate access to finance for SMEs and Entrepreneurs in Republic of Srpska through the issuance of guarantees.
The vision of the Guarantee Fund is to become one of the major participants in stimulating growth and development of the economy of the Republic of Srpska.
Core values of the Fund are professionalism, expertise, responsibility, multidisciplinarity, application of modern technologies in business, teamwork, cooperation with European and International guarantee funds through membership in AECM and participation in international development support programs.
Core values of the Fund are professionalism, expertise, responsibility, multidisciplinarity, application of modern technologies in business, teamwork, cooperation with European and International guarantee funds through membership in AECM and participation in international development support programs.
| Year of creation individual entities or association | 2010 |
| Type of organization National Promotional Bank (NPB), National Promotional Institution (NPI), Private, Mutual, Mixed | NPI |
| Type of scheme guarantee or counter-guarantee | Guarantee |
| Product typology guarantee or counter-guarantee or co-guarantee | Guarantee and counter-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. | 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, Republic of Srpska |
| Sectorial focus i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc. | Agriculture, Industry |
| 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 | 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 members | Loan default guarantees, Working capital loan guarantees, Bridge financing loan 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 | Consultation |
| 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)? | No |
