FNGCIMM has completed the centralization of financiers' applications for enrollment in the program, the analysis of the data and information provided regarding the sizing of the guarantee ceilings requested for the granting of guarantees, and the results obtained show that the attractiveness of the IMM Invest Plus Program is at the highest level.
Based on the volume of financing they estimate they will grant in 2023, the 19 banks enrolled in the IMM INVEST PLUS program requested a total ceiling of 21,947,017,075 lei, thus registering a general oversubscription degree of 352.67%, compared to the total ceiling approved for the issuance of guarantees by FNGCIMM within the IMM INVEST PLUS state aid scheme, for the components managed by it, in the amount of 6,223,044,627 lei.
The greatest interest was aroused by the AGRO IMM INVEST Subprogram with an oversubscription of 675.14% for an approved ceiling of 150,046,348 lei.
subprogram SME Invest Romania It also has the highest value of the allocated ceiling in 2023, 4,419,053,530 lei, the registered subscription level being 331.13%.
The demand is also significant for the other sub-programs, the requested ceilings significantly exceeding the ceilings allocated and approved by Order No. 938/184/388/47/09.02.2023.
With an available ceiling of 802,377,075 lei, IMM Prod recorded a subscription level of 415.21% for Garant Construct, the component intended to support investment projects for SMEs and small enterprises with medium market capitalization in the construction sector. The subscription level is 351.18% for an approved ceiling of 750,567,674 lei.
The Garant Construct component intended to support small-scale investment projects for administrative-territorial units, which involve financing construction activities, has a subscription rate of 330.69% and the allocated ceiling is 101,000,000 lei.
The financial institutions enrolled in the Program are: Banca Transilvania, ING Bank, BCR, Unicredit Bank, CEC Bank, Raiffeisen Bank, BRD, Eximbank, OTP Bank, First Bank, Intesa Sanpaolo Bank, Alpha Bank, Procredit Bank, Patria Bank, Libra Internet Bank, Vista Bank Romania, Garanti Bank, Techventures Bank and the Romanian Bank for Credit and Investment.
The program application is open, entrepreneurs can register on www.imminvest.ro to benefit from the financing facilities offered through SME Invest Program PLUS, the largest public-private partnership in Romania.
More details regarding the features and advantages of accessing the IMM INVEST PLUS program can be found on www.fngcimm.ro and www.imminvest.ro.
The balance sheet of the three years of implementation 2020-2022 of IMM INVEST, records over 65,000 guarantees granted, worth over 41 billion lei, which supported loans of over 48 billion. As a result of this capital injection into the economy, over a million jobs were saved. In 2022, approximately 19,000 entrepreneurs accessed the IMM INVEST and IMM INVEST PLUS Programs, respectively, obtaining loans of over 17 billion lei.
The value of guarantees granted in 2020 represents 28.4% of the value of all guarantees granted by FNGCIMM in 18 years of activity carried out between 2002 and 2019.
In 2020, the number of guarantees granted doubled compared to the previous year, and the increase in value was 349%, the IMM INVEST program having a major contribution to this increase.
