Fondul Roman de Contragarantare (The Romanian Counter-Guarantee Fund) was established in 2009 as a non-banking financial institution (IFN) with the Romanian State as its sole shareholder, through the Ministry of Public Finance. Its primary mission is to facilitate access to financing for SMEs by issuing counter-guarantees for guarantees granted by other guarantee funds. By sharing the risk with primary guarantors, FRC helps to increase the volume of loans available to Romanian businesses, thereby stimulating economic development.

Founded in

Romania