GUARANTEE FUND
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SMEs Guarantee Fund Issued Record Guarantees to Help EU Fund Absorption
Romania's guarantee fund for SMEs issued a record number of guarantees in the past three months to increase EU fund absorption by guaranteeing loans for co-financing of rural development project.
SME Guarantee Fund to Focus on SMEs as First Home Program Slows Down
Romania's guarantee fund for small and medium-sized enterprises (SMEs) will focus more on helping businesses secure loans, as a government-backed program for first time homebuyers currently...
SME Loan Guarantee Fund: Value of Payments Requested By Banks For NPLs Rose 45% In 2014
The value of payment requests submitted by banks to Romania's national guarantee fund for small and medium-sized businesses (FNGCIMM) for non-performing loans (NPLs) rose 45% in 2014, the fu...
ASF: Insurers To Pay Higher Contribution To Guarantee Fund Starting January 1, 2015
Romania’s Financial Supervisory Authority has decided to increase, as of January 1, 2015, the contribution paid by insurance firms to the guarantee fund of insurers (FGA) because damage paym...
CSA's Guarantee Fund To Cover Damages Of Up To EUR1B In Case Of Major Earthquake
The guarantee fund of Romanian insurance market regulator CSA will pay damages capped at EUR1 billion in case of major natural disasters if the companies that issued property insurance polic...
SME Loan Guarantee Fund Granted Guarantees Of RON1.3B In Jan-May
The National Fund Guaranteeing Loans for Small and Medium Enterprises (FNGCIMM) offered 4,100 guarantees to firms in the first five months of 2012, which amounted to 1.3 billion lei (EUR291....
Romanians Put Aside EUR5B During Crisis
Deposits at Romanian banks climbed by almost EUR10 billion in the past three years, as customers adjusted their financial behavior to the economic crisis.
Former Insurance Watchdog Chief To Run Guarantee Fund
Nicolae Crisan, former president of insurance watchdog CSA, was appointed general manager of the Guarantee Fund, a CSA department that protects insurance beneficiaries in case of insurer ban...
Bridge Bank To Get Money From Guarantee Fund's Private Resources
The private resources of the FGDB, a fund guaranteeing bank deposits, will be used to finance the bridge-bank, while public funds will only be used in the form of a loan granted by the Finan...