Around 70% of the institution’s revenue comes from the First Home program and 18% come from a EU-funded program in partnership with the Ministry of Agriculture. Just 12% of the fund’s revenue comes from the SME sector and the fund needs to turn to SMEs as the Finance Ministry is planning to slow down the First home program in the next three years, said Petrescu, at the tenth edition of conferences on small and medium-sized enterprises organized by MEDIAFAX.
Petrescu, a former minister for SMEs and the business environment, said the fund granted loan guarantees totaling RON300 million in the first six months of 2017 compared with RON258 million in the same period last year and the fund is considering changing its guarantee portfolio.