Mazovian Fund of Credit Sureties. Warsaw (June 2010). MFPK Sp. z o.o. MFPK was created thanks to the Marchal’s initiative of the Mazovia region in 2003. MFPK shareholders. Warsaw Marshall Office and Warsaw City Council State Economy Bank
MFPK was created thanks to the Marchal’s initiative of the Mazovia region in 2003
Ownership structure of the Fund increases
credibility in the financial market
which confirms the co-operation with major banks
operating in Poland, crediting beneficiaries of the Fund:
PKO BP SA, BRE Bank SA, Pekao SA, ING Bank Śląski SA,
DnB Nord Polska SA, BPH SA, Polski Bank Spółdzielczy
in Ciechanowie, Mazowiecki Bank Regionalny SA.
Now Fund is negotiating partnership agreements with:
Bank BGŻ SA, Bankiem Polskiej Przedsiębiorczości SA
oraz Millennium SA
The statutory task of the Fund is to help Polish
entrepreneurs from the SME segment in improving
access to external sources of financing through
granting civil law guarantees that secure
credit and bank loans repayment
With large-scale guarantee activity
MFPK carries out public tasks in the framework of
and activating labor market.
MFPK as regional fund
cooperates with many institutions
and organizations creating the infrastructure for
business support in Mazovia region.
Thanks to this cooperation fund provides its
beneficiaries with easier access to economic information, helps to identify the optimal
sources of financing current activities and future investments, helps to identify areas of increased risk (Thanks to this clients of the Fund are only occasionally
unable to pay contracted obligations)
The beneficiaries of the Fund are
micro, small and medium-sized
companies - already operating
or entering the market,
having registered headquarter
or one of its subsidiaries
in Mazovia region
Credits and bank loans guarantees up to 70% of
commitments (in case of another co-underwritting
with regional fund or the BGK max. 80%)
Guarantee time– till 60 months
Maximum guarantee amount– 800,000,000 PLN
(bridge guarantee- 2 mln PLN)
One-time fee for the provision of guarantees– max. 3%
(dependent on the period of guarantee and risk of guarantee)
Within six years of building its brand
MFPK developed safe procedures of granting
guarantees and the principle of cooperation
with banks, which resulted in dynamic growth in the
amount of provided guarantees.
During this period Fund strengthened its partnership credibility thanks to the received positive financial results. This gavebasis for obtaining high ratings
given by the BGK and independent rating agencies.
Receiving additional capital inter alia from the EU funds and gathering guarantee capital of more than
53 mln PLN, enables active
and effective activities supporting development of
entrepreneurship in the region and thus
activation of the labor market.
In 2005-2008 MFPK finalised two projects in cooperation with Polish Agency for Enterprise Development funded by the European Union sources within the Sectoral Operational Programme: Improvement of Competitiveness of Enterprises Measure 1.2.2. "The recapitalization of credit guarantee funds” .
Both projects were completed, achieved
result- support for 1,000
companies operating in Mazovia region.
MFPK gavemore than 2000 guarantees in anamount of nearly370 million PLN until the end of 2009.
Thanks to the Fund’s cooperation
with financial institutions they were able to
give credit for the amount of 660 million PLN.
Thanks to the shareholders and the
EU sources MFPK managed to facilitate running business of almost
1700 companies and individual entrepreneurs from the Mazovia region .
Fund has also contributed tomaintenance of employment in companies that had receivedexternal funding for its development.In many cases MFPK was a driving forceincreasing employment growth.
(data compiled on the basis of statements of the Funds beneficiary)
Based on the data obtained from the Fund the number of newly created jobs are estimated at around 3.7 thousand within the past six years.
Running guarantee business in accordance with the EU horizontal policies also led to support projects related to setting up new companies by women. More than 340 companies cooperating with MFPK aredriven by women or co-managed by them.
In 2009 MFPK took part in the contest to win a further grant from the EU projects implemented under the Regional Operational Programme 2007-2013 in the Mazovia voivodeship under Priority I - "Creating the conditions for the development of innovative capacity and entrepreneurship in Mazowsze", Action 1.4, "Strengthening the business environment institutions„
This contest has been settled and the Fund after completion of the procedures relating to the signing up the agreement received additional resourcesamounting up to 70 million.
All these activities aim to
create stronger links and partnership
contacts between the private
and publicsector in order to support
SME’s development activities and to eliminate disparities in economic and social development of
Thank you for attention