In 2011, the fund registered net profit of RON5 million, up from RON3.7 million in 2010.
The value of guarantees granted by the fund increased 37% last year to EUR703 million, from EUR512 million in 2011. The beneficiaries were over 11,000 SMEs, up 12% on the year.
FNGCIMM was set up in 2001 and is controlled by the Economy Ministry. (EUR1=RON4.3652)