General Assembly of European Association of Mutual Guarantee Societies – AECM 16.-17. October 2014 - Istanbul
Jul 26, 2015
General Assembly of European Association of
Mutual Guarantee Societies
– AECM
16.-17. October 2014 - Istanbul
INITIAL DATA
Closed joint stock company
Funded by virtue of the Decision of the Republic
of Srpska Government from July 2010
The founding capital – 15.000.000 EUR
Maximum portfolio of guarantees – 45.000.000 EUR
LIMITATIONS FOR APPROVAL OF THE GUARANTEES
Maximum guarantee amount by which the Fund can support the loan is up to 50% of the loan amount
Maximum amount of the guarantee is 5% of the Fund's capital
The maximum amount of the obligations guaranteed to any bank or financial institution is up to 30% of guaranteed potential
TYPES OF LOAN GUARANTEE FACILITIES
1 Loan guarantee facility for start-up
3 Loan guarantee facility for entrepreneurs
2 Loan guarantee facility for registered agricultural
holdings
5 Loan guarantee facility for companies
4 Loan guarantee facility for agriculture
THE BENEFICIARIES OF THE FUNDS UNDER THE LGF
LGF for start-up
• Entrepreneurs and legal persons that have been performing registered activity with the aim of gaining a profit not longer than 18 months
LGF for agricultural holdings
• Persons registered in the Register of Agricultural Holdings at the Agency for Intermediary, IT and Financial Services
LGF for agriculture
• Entrepreneurs performing the manufacturing and processing in the agriculture or fisheries
LGF for entrepreneurs
• Entrepreneurs performing the registered activity with the aim of gaining a profit
LGF for companies
• Legal persons performing the registered activity with the aim of gaining a profit
THE AMOUNTS OF GUARANTEES UNDER THE LGF
LGF for start-up and agricultural holdings
• From 1.500 to 20.000 EUR
LGF for agriculture and companies
• From 5.000 to 750.000 EUR, for fixed assets (min. 30%) and operating assets (70%)
• From 5.000 to 150.000 EUR only for operating assets
LGF for entrepreneurs
• From 1.500 to 150.000 EUR for fixed assets (min. 30%) and operating assets (70%)
• From 1.500 to 50.000 EUR only for operating assets
REPAYMENT PERIODS AND GRACE PERIODS UNDER THE LGF
LGF REPAYMENT PERIOD GRACE
LGF for start-up Up to 7 years Up to 12 months
LGF for agricultural holdings
Up to 10 years Do 36 months
LGF for agriculture Up to 15 years (fixed or fixed/operating assets) Up to 5 years (only operating assets)
Do 36 months Do 12 months
LGF for entrepreneurs Up to 15 years (fixed or fixed/operating assets) Up to 5 years (only operating assets)
Do 24 months Do 12 months
LGF for companies
Up to 15 years (fixed or fixed/operating assets) Up to 5 years (only operating assets) Up to 1 years (preparation of export)
Do 24 months Do 12 months Do 12 months
MAXIMUM OUTPUT INTEREST RATES
%
5,5
6,4
5,9
6,6
6,9 LGF for start-up
LGF for agricultural holdings
LGF for
agriculture
LGF for
companies LGF for
entrepreneurs
RATES OF RISK PREMIUM
%
on the
guarantee
amount
2,1
3,1
2,3
3,0
3,2 LGF for start-up
LGF for agricultural holdings
LGF for
agriculture
LGF for
companies LGF for
entrepreneurs
PHASES OF ISSUANCE OF GUARANTEE
Addressing client to commercial bank
Addressing commercial bank to the Fund
Rating the creditworthiness of the client; decision of the Board of the Fund, the Guarantee Fund Committee or the General Assembly concerning the issuance of guarantees
Issuing guarantees to commercial banks on the basis of the Agreement on technical cooperation
Monitoring the proper use of funds
GUARANTEE AMOUNT DECISION IS MADE Up to 13.000 EUR The Board of the Fund Up to 150.000 EUR The Guarantee Fund Committee under 150.000 EUR The General Assembly
REVIEW OF GUARANTEES ISSUED
4 4
37 22
12
NUMBER OF GUARANTEES ISSUED
LGF for start-up
LGF for entrepreneurs
LGF for companies
LGF for agriculture
LGF for agricultural holdings
AMOUNT OF GUARANTEES ISSUED
43
127.000,00 EUR
5.900.000,00 EUR
4.400.000,00 EUR
112.000,00 EUR
43.000,00 EUR
www.garantnifondrs.org
+387 51 231 380
Vidovdanska 2, Banja Luka
Republic of Srpska, Bosnia and Herzegovina
Thank you for your
attention!