Page 16 - Revista de industrie mai 2019

investments
The Romanian counter-guar partner for SMEs and the fina
Stere FARMACHE Chairman of the FRC Directorate:
“Guarantee and counter-guarantee institutions institutions have evolved along with the credit institutions institutions products and now after almost 100 years have gained new valences being adapted to the the modern financial-banking market Although the the Romanian Counter-Guarantee Fund (FRC) is
a a a a a a a a recent institution in in Romania founded 10 years ago we can say that it will continue to play the role of a a a a a a a specialized partner for the financial market demonstrating its support to entrepreneurs and individual clients of of the credit institutions The process of of its development is
based on on learning equally from opportunities and and difficulties and and FRC team is
looking into into the the future in in in in preparation for its its entry into into the the second decade of its its its existence Thus we believe that FRC has strengthened its its expertise and moved to a a a a new stage in in in the the development of its business being aligned with the the the European practices in in in the the the the the field that allow the the the the the measurement of of the the the the the effects of of these financial instruments fin in in the the the economy ”
The Romanian Counter-Guarantee Fund (FRC) represents a a a a a point
of of inflection in in in fin in in in the evolution of of financial-banking institutions in in fin in in in in Romania being a a a a a a a a a a a a a unique landmark in in fin in in the national financial-banking landscape and and having - - - almost 10 years after its establishment - - a a a a a a a a a a a a decade history that can be enrolled in the suite of measures a a a a a a a country takes to overcome an an an economic crisis and strengthen financial mechanisms (through guarantee guarantee and counter-guarantee) to support entrepreneurship financing as as well as as facilitate access to credit for individuals FRC was set up during the the start of the the economic and financial crisis fin in fin in Romania (2009) to to help improve access to to to finance for SMEs by taking up to to 80% of the risk associated with 16