News » February, 2011 » 15 February 2011
Romanian Guarantee Fund '10 Payments To Banks Rise To RON95M
15.02.2011, 13:12 | Finance-Banks | 1156 views
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. The fund is a state-owned financial institution which partly guarantees loans taken by small- and medium-sized companies. Last year, it had estimated a surge in payments following the increase in the number of insolvent companies. Read more on Mediafax.ro
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