Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii

SME Credit Guarantee Servicesfngcimm.ro

FNGCIMM is Romania's state-owned national credit guarantee fund, issuing state-backed guarantees through a 19-bank partner network to enable SMEs, individual homebuyers under the Noua Casa program, and public beneficiaries to access credit they would not otherwise qualify for.

Company typePrivate
Founded2001
HeadquartersBucharest, Romania
Headcount101–250
GTM typeB2B and B2C
OfferingServices

What Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii does

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii SA – IFN (FNGCIMM) is a Romanian state-owned non-banking financial institution established in 2001 by Government Decision HG 1211/2001, wholly owned by the Ministry of Public Finance (Ministerul Finantelor Publice). The company functions as Romania's national credit guarantee fund, issuing state-backed guarantees that reduce credit risk for partner banks and enable small and medium enterprises (IMM), individuals, and public beneficiaries to access financing they would not otherwise qualify for. It administers multiple guarantee programs targeting SME investment and working capital (IMM INVEST, IMM LEASING, IMM FACTOR, OPTIMM, PLAFON, EXPRESA), the Noua Casa housing program for individual homebuyers, and AFIR guarantee letters supporting EU-funded rural development contracts. In June 2024, FNGCIMM additionally took over from the Ministry of Public Finance the authority to issue refinancing agreements under the Prima/Noua Casa program under OUG 58/2024.

FNGCIMM operates a transaction-fee revenue model, charging guarantee fees typically ranging from approximately 2.30% to 2.95% on guaranteed loan values, with variations by program, risk class, and credit type. Distribution is conducted exclusively through a network of 19 partner banks — including BCR, BRD, Banca Transilvania, CEC Bank, ING, Raiffeisen, UniCredit, Exim Banca Romaneasca, and others — which originate loans and submit guarantee requests to FNGCIMM. Web-based platforms such as plafon.garantare.ro and the dossier verification tool support partner-bank and beneficiary workflows. The institution also manages EU-co-financed financial instruments (PCIDIF, PR Centru, PR SVO, PEO) and is governed by a board chaired by Ráduly Róbert-Kálmán, with executive leadership including Director General Cătălin Leonte (mandate 29.04.2025 – 06.10.2025) and Deputy Director General Daniel-Ionuț Stavre. A 2026 merger with regional subsidiary Fondul Local de Garantare Focșani is in progress, alongside an active board member selection process.

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii firmographics

Firmographics

Name: Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii
Legal name: Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii SA - IFN
Website: https://fngcimm.ro
Company type: Private
Founded year: 2001
Operating status: Operating
Headcount range: 101–250 employees
Short description: FNGCIMM is Romania's state-owned national credit guarantee fund, issuing state-backed guarantees through a 19-bank partner network to enable SMEs, individual homebuyers under the Noua Casa program, and public beneficiaries to access credit they would not otherwise qualify for.
Ownership category
akta.pro rank

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii industry classification

Industry

Product category: SME Credit Guarantee Services
NAICS: Funds, Trusts, and Other Financial Vehicles (525), Other Insurance Funds (525190)
SIC: Federal & Federally-Sponsored Credit Agencies (6111), Surety Insurance (6351)
akta.pro industry: PRIMARYBPADACAK
Guarantee, Insurance & Risk Mitigation Facilities
Business & Public Services/International Organizations & Development/International Financial Institutions & Development Banks
SECONDARYBPADACAC
National Development Banks & State Development Finance Institutions (DFIs)
Business & Public Services/International Organizations & Development/International Financial Institutions & Development Banks
SECONDARYFSALAKAD
Public Mortgage Insurance & Government Credit Guarantee Programs
Financial & Insurance/Mortgage & Housing Finance/Housing Finance Agencies & Government-Sponsored Housing Programs

Keywords

SME credit guarantees
Non-banking financial services
State-backed loan guarantees
Mortgage guarantee programs
Rural development guarantees

Where Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii is headquartered

Location

Headquarters

HQ city: Bucharest
HQ country: Romania
HQ region: Europe

Offices2 records

Markets served

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Technology or R&D, Others

Revenue model

Guarantee fees (Comisioane de garantare): FNGCIMM generates revenue through guarantee fees charged to beneficiaries. Fees vary based on the guarantee program, risk classification, and credit type. For OPTIMM: 2.30% to 2.95%; for PLAFON guarantees: approximately 2.5% average; for EXPRESA: varies by risk class with coverage up to 50% for current activity and up to 80% for investments.

Pricing tiers

Model	Billing	Price
Transaction based/ take rate	Pay-as-you-go	OPTIMM guarantee fee: 2.30% - 2.95%
Transaction based/ take rate	Pay-as-you-go	PLAFON guarantee commission: approximately 2.5% average
Transaction based/ take rate	Pay-as-you-go	EXPRESA guarantee: varies by risk class and activity type

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii product offering

Product offering

Core offering

FNGCIMM is a state-owned non-banking financial institution (IFN) that issues credit guarantees on behalf of the Romanian state to banks, enabling SMEs, individuals, and public beneficiaries to access financing they would not otherwise qualify for. Its core offerings include investment and working capital guarantees (IMM INVEST, OPTIMM), equipment leasing guarantees (IMM LEASING), factoring guarantees (IMM FACTOR), own-fund guarantees (PLAFON, EXPRESA), and the Noua Casa state-guaranteed mortgage program for individuals. The fund distributes its products exclusively through a network of 19+ partner banks, with applications submitted and approved via dedicated web platforms.

Product overview

FNGCIMM operates as a National Credit Guarantee Fund for Small and Medium Enterprises (SME IFN), offering a comprehensive portfolio of guarantee products. The core offerings include IMM INVEST (investment and working capital guarantees), IMM LEASING (equipment leasing), IMM FACTOR (factoring), OPTIMM (working capital with fast approval), and PLAFON/EXPRESA (own-fund guarantees). For individuals, the Noua Casa housing program provides state-guaranteed mortgages. The fund also serves public beneficiaries through AFIR guarantee letters and manages multiple regional and national development programs including START UP NATION and various EU-funded financial instruments (PCIDIF, PR Centru, PR SVO, PEO). The organization processes applications through web-based platforms including plafon.garantare.ro and offers online dossier tracking for beneficiaries.

Differentiator

Problem solved

Functional benefit

Brands

Noua Casa: Government program facilitating home purchases by individuals through state-guaranteed credits, successor to Prima Casa program
OPTIMM
IMM INVEST
IMM LEASING
IMM FACTOR
START UP NATION
Investeste in tine

Products and services

IMM INVEST Government-guaranteed credit program for small and medium enterprises, providing guarantees for investment and working capital loans. Designed for SMEs as defined by Law 346/2004.
IMM LEASING Guarantee program for equipment and machinery leasing for SMEs, supporting acquisition of productive assets.
IMM FACTOR Factoring guarantee program for SMEs to secure receivables financing, enabling businesses to obtain financing against their invoices.
OPTIMM Working capital guarantee product for dynamic companies with specific financing needs, featuring a two-business-day approval process and guarantee fees of 2.30% to 2.95% for working capital guarantees between 200,000 and 400,000 lei.
Garantii PLAFON Guarantees from own funds allocated within bank-specific limits, with maximum values of 1.6, 2.0, or 2.4 million lei depending on the partner bank and average commission of approximately 2.5%. Ideal for fast workflows and high volumes.
Garantii EXPRESA Express guarantees from own funds for investment and working capital credits, covering up to 2.5 million EUR per company/group, with guarantee percentages of up to 50% for current activities and up to 80% for investments. Pricing varies by risk class.
Noua Casa Government housing program (successor to Prima Casa) facilitating home purchases through state-guaranteed mortgages. The 2025 program allocation is 500 million lei. Guarantee coverage up to 60% for credits between 59,501 and 119,000 EUR and up to 50% for credits up to 66,500 EUR, based on property category.
Scrisori de garantie in favoarea AFIR Guarantee letters issued in favor of the Agency for Financing Rural Investments (AFIR) to guarantee advances in non-reimbursable financing contracts for public beneficiaries including communes, towns, educational institutions, GAL groups, and land improvement organizations.
START UP NATION Government program supporting entrepreneurial initiatives and startup businesses in Romania through guaranteed credit facilities.
Instrument Financiar PCIDIF Financial instrument program under PCIDIF (Programul Operational Competitivitate - Infrastructura si Inovare pentru Dezvoltare Durabila si Investitii in Finantare) for SME financing.
Instrument Financiar PR Centru Regional financial instrument program for SME support in the Center region of Romania.
Instrument Financiar PR SVO Regional financial instrument program for SME support in the South Muntenia and Oltenia regions of Romania.
Instrument Financiar PEO Human Resources Development Operational Program (Programul Educatie si Ocupare) financial instrument for SME financing.
Refinantare IMM INVEST PLUS si IMM PLUS Refinancing service for existing IMM INVEST PLUS and IMM PLUS program beneficiaries, allowing restructuring of guaranteed credit facilities.
Instant IMM Expedited guarantee issuance service for SMEs offering faster turnaround on guarantee processing.
Investeste in tine Government program for personal development and investment for individuals, providing guaranteed credit facilities for personal advancement.

Companies that use Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii

Customer profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii partnerships and signals

Strategic signal

Partnerships

21 partnerships are on record, tiered core.

BCR (Banca Comerciala Romana)coreChannel Partner/ Reseller/ DistributorMajor Romanian bank partner for FNGCIMM guarantee programs including PLAFON, EXPRESA, OPTIMM, and Noua Casa. Banks submit guarantee applications on behalf of their SME and individual clients.
BRD - Groupe Societe GeneralecoreChannel Partner/ Reseller/ DistributorFrench-Romanian banking group partner for guarantee programs.
Banca TransilvaniacoreChannel Partner/ Reseller/ DistributorOne of Romania's largest banks, partner for SME and individual guarantee programs.
CEC BankcoreChannel Partner/ Reseller/ DistributorState-owned bank partner for guarantee programs including PLAFON guarantees under the women's entrepreneurship program.
ING Bank RomaniacoreChannel Partner/ Reseller/ DistributorInternational banking group partner for IMM guarantee programs.
Raiffeisen BankcoreChannel Partner/ Reseller/ DistributorInternational banking group partner for guarantee programs.
UniCredit BankcoreChannel Partner/ Reseller/ DistributorInternational banking group partner for SME and individual guarantee programs.
Exim Banca RomaneascacoreChannel Partner/ Reseller/ DistributorRomanian export-import bank partner for guarantee programs.
Garanti BankcoreChannel Partner/ Reseller/ DistributorTurkish-Romanian banking group partner for guarantee programs.
Intesa Sanpaolo Bank RomaniacoreChannel Partner/ Reseller/ DistributorItalian-Romanian banking group partner for guarantee programs.
Patria BankcoreChannel Partner/ Reseller/ DistributorRomanian bank partner for OPTIMM and other guarantee programs.
ProCredit BankcoreChannel Partner/ Reseller/ DistributorInternational bank focused on SMEs, partner for guarantee programs.
Techventures BankcoreChannel Partner/ Reseller/ DistributorDigital bank partner for OPTIMM and other guarantee programs.
Vista BankcoreChannel Partner/ Reseller/ DistributorRomanian bank partner for OPTIMM and other guarantee programs.
Libra Internet BankcoreChannel Partner/ Reseller/ DistributorDigital-focused Romanian bank partner for guarantee programs.
Nexent BankcoreChannel Partner/ Reseller/ DistributorRomanian bank partner for PLAFON and EXPRESA guarantee programs.
Deutsche LeasingcoreChannel Partner/ Reseller/ DistributorLeasing company partner for equipment and machinery guarantee programs.
Motoractive (Garanti Leasing)coreChannel Partner/ Reseller/ DistributorLeasing company partner for IMM LEASING guarantee programs.
Next Capital FinancecoreChannel Partner/ Reseller/ DistributorFinancial services partner for guarantee programs.
AFIR (Agentia pentru Finantarea Investitiilor Rurale)coreStrategic or Co-development PartnerRomanian Rural Development Agency. FNGCIMM issues guarantee letters in favor of AFIR to guarantee advance payments on rural development financing contracts. This partnership supports public beneficiaries in accessing EU-funded rural development programs.
Ministerul Finantelor Publice (MFP)coreStrategic or Co-development PartnerRomanian Ministry of Public Finance. MFP is the shareholder and supervisory authority for FNGCIMM. Starting June 7, 2024, FNGCIMM took over MFP's responsibility for issuing refinancing agreements in the Prima/Noua Casa program under OUG 58/2024.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii competitors and assessment

Company assessment

Direct peers

Bpifrance: French state-owned public investment bank providing credit guarantees, financing, and equity to French SMEs. Highly comparable to FNGCIMM as a national-level state-owned credit guarantee and SME finance institution serving a single country market.
British Business Bank: UK government-owned economic development bank managing state-backed loan and guarantee schemes for SMEs. Comparable to FNGCIMM as a national-level state-owned institution delivering SME credit guarantees through partner bank channels.
National Credit Guarantee Fund Management Company (NCGF) - Hungary: Hungarian state-owned credit guarantee institution providing guarantees to SMEs through partner banks. Highly comparable to FNGCIMM in mandate, product structure, and Central European single-country scope.
BGK (Bank Gospodarstwa Krajowego): Polish state-owned development bank providing SME credit guarantees, investment financing, and government program management. Comparable as a Central European state-owned national guarantee institution with similar SME support mandate.
Banco Portugues de Fomento (BPF): Portuguese state-owned development bank providing credit guarantees and financing to SMEs. Highly comparable to FNGCIMM in mandate, state ownership, and product focus on Portuguese SME credit access.

Regional players

EXIM Banca Romaneasca: Romanian state-owned export-import bank and a current partner of FNGCIMM. Comparable as a Romanian state-owned financial institution involved in SME financing and government-backed credit programs, though focused on export finance rather than general SME guarantees.

Broad incumbents

Cassa Depositi e Prestiti (CDP): Italian state-owned financial institution supporting national economic development including SME credit guarantees. Comparable to FNGCIMM in its state ownership structure and development mandate, though operating at much larger scale.
KfW (Kreditanstalt für Wiederaufbau): German state-owned development bank offering SME credit guarantees, promotional loans, and export finance. Comparable to FNGCIMM as a government-backed national development finance institution with guarantee operations.
European Investment Fund (EIF): EU-level institution providing SME credit guarantees and counter-guarantees across Europe, including Romania. EIF directly counter-guarantees many of FNGCIMM's programs and is the closest supranational peer in guarantee mandate and product structure.

Others

AECM (European Association of Guarantee Institutions): European umbrella association for mutual and public guarantee institutions, of which FNGCIMM is a member. Comparable as the institutional network and standards body governing European guarantee institutions with similar product and risk-sharing models.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii compliance and trust

Trust signal

Compliance1 record

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii leadership team

Management profile

Number of profiles

Profiles7 records

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii

What does Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii do?

Is Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii a public or private company?

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii is a private company. It is classified as state government owned and is currently operating.

When was Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii founded?

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii was founded in 2001. It employs 101 to 250 people.

Where is Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii based?

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii is headquartered in Bucharest, Romania, in the Europe region.

How does Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii make money?

One revenue line is on record: guarantee fees (Comisioane de garantare).

Who are Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii's main competitors?

Direct peers on record are Bpifrance, British Business Bank, National Credit Guarantee Fund Management Company (NCGF) - Hungary, BGK (Bank Gospodarstwa Krajowego) and Banco Portugues de Fomento (BPF). EXIM Banca Romaneasca is listed as a regional player. Broad incumbents are Cassa Depositi e Prestiti (CDP), KfW (Kreditanstalt für Wiederaufbau) and European Investment Fund (EIF). AECM (European Association of Guarantee Institutions) is listed as an others.

Does Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii have an API?

No public API is recorded for Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii.

What industry is Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii in?

Fondul National de Garantare a Creditelor pentru Intreprinderile Mici si Mijlocii's product category is SME Credit Guarantee Services. Its primary akta.pro industry code is BPADACAK, Guarantee, Insurance & Risk Mitigation Facilities, with a secondary code of BPADACAC, National Development Banks & State Development Finance Institutions (DFIs). Its NAICS code is 525 and its SIC code is 6111.