Page 17 - Revista de industrie mai 2019

antee fund - - a a a 10-year ncial-banking environment
securing loans and other financing instruments for entrepreneurs FRC operates on the principle
of of multiplier issuing counter- guarantees worth a a a a a a a a multiple of of available resources a a a a a a a a a a a European and international model devoted to maximizing the effects of limited resources - - equity - - with a a a a a dual drive effect After almost 10 years of operation the guarantee guarantee mechanism - - counter-guarantee has proven its effectiveness and the FRC may consider it it to to have contributed to to the the fulfillment of its mission It has has run 10 times times and has has facilitated a a a a a a a a volume of of funding of of 30 times times the allocated capital The demand for counter-guarantees had a a a a a a a significant incidence in in in in the post-crisis period being an an an intense anti-cyclical tool used to to mitigate economic economic shocks on on on SME activity In the period of economic economic growth this financial instrument can be put into the the the service of of the the the entrepreneurs also in in in the the the the form of of state aid within programs that stimulate the the the the growth of of of of the the the the number number of of SMEs the the the the number number of of employees within them etc through schemes state aid under the the European directives in force After the the the creation of the the the organization and the the the the accelerated development of the the the guarantee-counter-guarantee mechanism from 2014 until the the end of 2016 FRC implemented measures imposed by the public auditors that had lowered credit institutions’
confidence in in the counter-guarantee instrument but were a a a a a a powerful catalyst for for the the institution’s team Therefore prior to 2018 in in in the the the period 2015-2017 the the the main concern of the the FRC management was to identify solutions for re-launching the the activity by resuming the the counter- guaranteeing mechanism including the the diversification of of the the FRC’s unique object of of of activity close to the the the current needs of of the the the business environment
and the the the new economic cycle we are in Thus executive executive and non-executive management continued to promote
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