Post on 14-Feb-2016
description
Guarantee Funds
in Polandby
Tomasz Bąkowski, PhDPresident
National Association of Guarantee Funds
Warszawa, 2012
General information about Poland:
Population: 38.116.000Economically active persons: 17.660.000SMEs: 1.800.000 Area: 312.685 km2
GDP: - total: 312.639 billion euro
- per capita: 8.202 euro
GDP Total SMEs +
Big
-Micro -Small -Medium -Big0
50000
100000
150000
200000
250000
300000
350000Polish Gross Domestic Product.
GDP
Total SMEs in GDP = 47%
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
200000000
400000000
600000000
800000000
1000000000
1200000000
1400000000
Total Assets of Guarantee Funds in Poland.
2004 2005 2006 2007 2008 2009 2010 20110
200,000,000
400,000,000
600,000,000
800,000,000
1,000,000,000
1,200,000,000
Value of guarantees provided in the years 2004 to 2011.
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 20110
1000
2000
3000
4000
5000
6000
7000
8000
Number of guarantees provided in the years 2000 to 2011.
Short-term bank loans
Long-term bank loans
Long-term fund loans
Short-term funds loans
other0
100,000,000
200,000,000
300,000,000
400,000,000
500,000,000
600,000,000
Value of guarantees by types of loans.
Short-term bank loans
Long-term bank loans
Long-term fund loans
Short-term funds loans
other0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
5,000
Number of guarantees by types of loans.
Short term (<12 M)
Long term (<60 M)
General purpose of guarantee in SMEs.
Short-term bank loans
Long-term bank loans
Long-term fund loans
Short-term funds loans
other0%
10%
20%
30%
40%
50%
60%
70%
80%
75.3%
19.3%
3.2% 1.2% 1.1%
75.2%
13.8% 5.5%2.7% 2.7%
Total value Quantity
The share of the guarantee by types of loans.
Production Services and Transport
Trade Constructions Other0
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
300,000,000
The structure guarantees depending on the sector of the economy.
Production Services and Transport
Trade Constructions Other0%
5%
10%
15%
20%
25%
30%
35%
40%
16.1%
35.0%
31.6%
12.9%
4.3%
12.5%
39.8%
32.0%
11.9%
3.9%
Total value
Quantity
The share of the guarantee by the sector of the economy.
Aggregate amount of collateral with the division on bail in each range of values .
> 50 thousand
50 <x> 100 thousand
100 <x> 250 thousand
250 < x > 500 thousand
x > 500 thousand
0 50,000,000 100,000,000 150,000,000 200,000,000 250,000,000 300,000,000 350,000,000
The structure of guarantees due to the number of contracts in each range of values guarantees.
> 50 thousand
50 <x> 100 thousand
100 <x> 250 thousand
250 < x > 500 thousand
x > 500 thousand
0 200 400 600 800 1000 1200 1400 1600 1800 2000
Banks Loan Funds Other
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
89.90%
5.80%4.30%
96.00%
3.10%0.80%
Number Value
Guarantees by financial institutions.
Distribution of guarantees for SMEs.
Micro-Small
Medium
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%value
amount
The assets of all guarantee funds in Poland are 242 million euros.
In 2011 all guarantee funds awarded of 6.118 guarantees for the amount 226 million euros.
Since 2000 year all guarantee funds granted 44.326 guarantee for an amount of 1,23 billion euros.
Summary
1) The funds provide guarantees of micro, small and medium enterprises (definition of the European Commission), doing business and having its registered office in Poland. In the case of funds that have been supported by the RPO (operational programs in the Regions) or the JEREMIE program, guarantee are available for enterprise who operating in the province.
2) Lack of ability to repay the debt and the restructuring of the company within the meaning of the Community guidelines on State aid for rescuing and restructuring firms (firms in difficulty) excludes the possibility of sponsoring.
3) The funds provide guarantees for companies classified in the category of investment. The adoption of the so-called safe rates according to the Commission Notice on the application of art. 87 and 88 EC Treaty to State aid in the form of guarantees (OJ. C 155/02 of 06.20.2008 issued) and the European Commission Communication on the revision of the method for setting reference and discount rates (OJ. C 14 of 19.1. 2008).
4) Surety shall not be granted to entrepreneurs, who was responsible for the return obtained by the earlier state aid resulting from the European Commission's decision declaring the aid incompatible with the law or with the common market.
The general principles:
5) Guaranteed loans to finance economic activities, provided by banks with whom the fund has entered into a cooperation agreement.
6) Guarantees associated with loans are intended for purposes directly related to economic activity. The programs funded by the RPO and JEREMIE are excluded or severely limited funding for current operations (loans and working capital loans).
7) The maximum value of the guarantee may not exceed 5% of the equity fund.8) Total liabilities of the Fund in respect of guarantees given to one business may not
exceed 5% of its capital.9) The guarantee may be granted up to the max. 80% of the principal amount of the
loan and the value of the guarantee for its duration may not exceed 80% of the current commitments under the credit contract.
10) The funds provide a guarantee for a period of 60 months (regardless of the credit period).
11) Liability Fund on account of guarantee does not include interest, commissions, fees, charges or costs of the investigation by the funding institution.
12) The funds generally accept the grace period for liability incurred.
Supporting the development of the system of credit guarantees;
Dissemination of knowledge and exchange of experience in the field of loan guaranty business;
Cooperation with governmental bodies, local self-government, financial and others carrying out similar objectives for the development of systems of credit guarantees;
The main objectives of the activity of guarantee funds:
The effects of the financial crisis.
The increase in risk aversion in financial markets.
A significant tightening of lending policies of financial institutions.
The worsening economic entities of SMEs.
The role of guarantees.Incentive for banks and other institutions for
debt financing the SME sector,
Risk sharing affects the reduction of reserves by banks,
Increasing the liquidity of the banking sector in case of loss,
Increasing the propensity of banks to undertake the restructuring of SMEs rather
than an accelerated recovery,
Increased capacity (debt) to the incurring of liabilities by SMEs.
Guarantee Funds as market maker.
Banks
Guaranty
Funds
SME’s
Procedure of loan guarantees.SME’s
application of loans and guarantee
Banks – decision with
conditions
Guarantee Funds accept
loans guarantee
Banks sign a loan contract
Steps of procedure.
checking •Checking the completeness of the application form.•Enter data into computer system.
Analisys •Computing Rating analysis.•Expert Analysis.
Decision •Decision of guarantee fund.•Information to SME via bank.
Steps procedures in BanksCollecting of documents
Preparation of loan agreement
Acceptance of credit protection
Conclusion of loan agreement
Monitoring SME’s by Banks.
Quarterly Report to guarantee fund
SME ..n
SME 2SME 1
Default!
Default by guarantee funds point of view. Report from monitoring
Information about default of SME.
Request for payment
Payment for Bank
Vindication SME by guarantee fund
National Association of Guarantee Funds
Adress:Chałubińskiego 3A lok. 1702-004 Warszawa, Polandwww. ksfp.org.plE-mail: ksfp@ksfp.org.pl