CIP SME European Guarantee Facility Investment Fund This presentation was prepared by EIF. The information included in this presentation is based on figures available as of June 2012 unless otherwise specified. Any estimates and projections contained herein involve significant elements of subjective judgment and analysis, which may or may not be correct.
Competitiveness & Innovation Programme n CIP financial instruments managed by EIF on behalf of the EC n Purposes n Encourage the competitiveness of European enterprises n Support innovation and entrepreneurship activities n Provide better access to finance n Promote the increased use of renewable energies and energy efficiency n Products n Guarantees : SME Guarantee Facility n Venture capital : High Growth and Innovative SME Facility 2 / 19
CIP SME Guarantee Facility ■ Free of charge, capped portfolio guarantees provided for additional risk-taking by intermediaries (guarantee schemes, banks, leasing companies … ) resulting in Enhanced Access to Finance for SMEs ■ Enables lenders to further support SMEs: lending criteria can be relaxed ■ Guarantees for investment and working capital loans ■ Selection of intermediaries with wide geographical cover in each country so that as many SMEs as possible have access ■ Minimum selection criteria (commitment to SME financing, financing volumes, geographical reach, etc.) ■ Visibility and promotion of EC support 3 / 19
CIP SME Guarantee Facility Instruments Four facilities, known as "windows “ ■ Loan Guarantee Covers portfolios of mid- to long-term debt finance targeting SMEs and focused on investment financing. ■ Micro-Credit Guarantee Covers portfolios of micro-credits to encourage financial institutions to provide financing to microenterprises, especially start-ups ■ Equity Guarantee Covers of portfolios of equity and mezzanine investments in SMEs. Aims to help SMEs improve their financial structure ■ Securitisation Guarantees to support securitisation transactions so that financial institutions may mobilise additional debt financing for SMEs 4 / 19
Map of signed transactions 54 agreements signed for EUR 15.6bn corresponding to an aggregate budget allocation of FIs include: EUR 419m CERSA FdP KfW Siagi Slovene Enterprise Fund SOCAMA UniCredit Bank Hungary Microbank La Caixa Raiffeisenbank Bulgaria Alleanza di Garanzia Federfidi Lombarda Austria Wirtschaftsservice Hipoteku Banka Cultura Sparebank ATI ITALIA PMI A.T.I Fidi. Gar KGF Finansbank Pekao Caixa Capital Micro Privredna Banka Zagreb CKB Montenegro Cacanska Banka Agentschap NL GE Czech Republic Countries eligible for CIP Guarantees and where agreements have been signed Other countries eligible for CIP Guarantees but where no agreement has been signed to date 5 / 19 Other countries and territories
Implementation – Signatures Loan Micro & Q-E Total Window Windows Agreements 42 12 54 Countries 15 10 19 Committed budget EUR 344.5m EUR 73.3m EUR 418.6m Committed EUR 6,025m EUR 813m EUR 6,838m guarantee volume Leverage 17 11 16 The Loan Window remains the flagship of SMEG 6 / 19
Implementation – Who is supported ? As of 31 March 2012 Loan Micro & Q-E Total Window Windows SMEs supported 136,577 40,337 176,914 Loan volume EUR 10,155m EUR 509m EUR 10,664m supported Average loan EUR 65k EUR 11k EUR 53k Employees 594,697 86,019 680,716 (at loan date) Average number of 4.3 2.1 3.8 employees 60% of all supported SMEs are start-ups 7 / 19
Implementation chain SMEs Lenders Intermediaries As of 31 March 2012 (guarantors or CIP lenders) 8 / 19
Recommend
More recommend
