Nincs diacm

1
Rural Credit Guarantee Schemes Financial
Instrument for Agriculture and Rural
Development Introduction of the activity of
Rural-Credit Guarantee Foundation Hungary Anikó
Ulrich managing director
2
Initial capital in 1991

• PHARE contribution ECU 10 million
• Other founders ECU 1 million
• 5 Hungarian banks

3
The structure of the capital in 2005

•  PHARE contribution
• 20 million 27,3
• Other contribution
• 5 million 6,2
• Capital increase from yearly results
• 49 million
  66,5

4
The structure of the RCGF

•  
• Governing body
• Churatorium (Board) with 15 members
•  Administration body
• Secretariat with 17 employees

5
The advantage of the RCGF

• Quick decision making system
•  
• within 5 workdays

6
Guarantee program

• Sector requirement agriculture and rural
  development
• Rural area is defined as Hungary without capital
  and the biggest towns
• Guaranteed Finance loans, bank guarantees,
  leasing, factoring
• Purpose of the Finance investment projects and
  working capital
• Guarantee coverage loan amount and max. 1 year
  interest
• Guarantee ratio 20 - 80 (57 in the practice)

7
Guarantee program

• Guarantee terms the maturity of the loan is more
  than 180 days but less than 15 years (5,5 years
  in the average)
• Guarantee amounts maximum amount of guarantee is
  EUR 1 580 thousand, EUR 4.743 thousand in case of
  the integrators (average 605 thousand )
• State counter-guarantee 70
• The guarantee meets the criteria of the EC state
  aid rules (de minimis, aid intensity)

8
Guarantee performance 1991 - 2005

• Granted credit ()
  1.267 million
• Guarantee commitment () 748 million
• Number of approved guarantee cases
  20 997 pieces
• Bankrupted cases () 25,6 million
• Number of bankrupted cases 849 pieces
• Net return () 17 million
• Final loss () 8,4 million