guarantee fund

Romanian SME loan guarantee fund FNGCIMM paid some 95 million lei (EUR1=RON4.2496) to banks last year, up 35% from RON70 million in 2009, mostly for working capital loans.

Romania’s deposits guarantee fund FGD will consolidate its funds through raising, as of 2011, the contributions of the participating banks and will progressively give up the stand-by credit lines, according to additional documents to the agreement sealed with the International Monetary Fund.

Romania's loan guarantee fund for small and medium-sized enterprises approved until Monday 5,900 guarantee contracts for applicants in the "First Home" program, accounting for 25% of the EUR1 billion budget allotted by the government.

Romania's SMEs loans guarantee fund FNGCIMM is in talks with several banks for launching a product by which developers’ loans would be 80% guaranteed by the fund, if they signed pre-contracts for 75% of the surface.