Press releases

The State guarantees provided by Credit Guarantee Fund (CGF) The IMMOs are available for loans from all commercial banks in the country. Commercial Bank ‘ProCredit Bank’ S.A. this is 11 Moldovan commercial bank that signed a partnership agreement with the Credit Guarantee Fund, managed by the IMMO, today, 20 April. Thus, the bank’s customers, who do not have sufficient collateral to take out a loan, can benefit from State guarantees.

We reiterate that in the context of the health and energy crisis, all guarantees issued in 2022 by the Credit Guarantee Fund are exempt from the guarantee fee for the first year of guarantee action. At the same time, the maximum guarantee ratio for all active companies was raised to 80 percent of the loan amount taken. Thus, the domestic business environment can benefit from free financial guarantees that can be accessed via all commercial banks in the country.

In the first months of this year, the credit institutions granted to SMEs via the FGC issued 116 financial guarantees above Lei 95 millionwhich facilitated the granting of loans above Lei 230 million. FGC’s guarantee capacity for 2022 is around Lei 1 billion.

The FGC is the only loan guarantee fund in the Republic of Moldova and has the mission to ensure access to finance for domestic companies by issuing financial guarantees.