Garanti q a Hitelgarancia Zrt. dr. Márton Vadász director „Guarantee Systems in European Countries- Searching for the Best Model” Warsaw, February 9, 2011. Garanti q a Hitelgarancia Zrt. (Garantiqa Creditguarantee Co. Ltd.). Founded in December 1992
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dr. Márton Vadász
„Guarantee Systems in European Countries- Searching for the Best Model”
Warsaw, February 9, 2011
(Garantiqa Creditguarantee Co. Ltd.)
Founded in December 1992
Subscribed capital: EUR17.2 million (HUF 4,8 billion)
(December 31, 2010)
Equity: EUR 68.3 million (HUF 19 billion)
Mission: to help SMEs’ access to financial resourcesby undertaking surety guarantees and thereby to enhance their development and improve theircompetitiveness.
government and the private sector
Hungarian Government, represented by
MFB (Hungarian Development Bank):50.025%
+ Indirect state ownership: MFB 13.97%
Hungarian Export-Import Bank (0.25%),
Commercial banks, credit co-operatives,
enterprise associations: 35.76%
Banks are in double role: owners + beneficiaries
of the guarantees
Garantiqa is not subject to company tax and does
not pay dividend to its owners.
Two ways of undertaking surety guarantees
I. standard process, individual assessment
receipt of application
decision making: 15 working days
II. Simplified process (‘packages’)
bilateral agreements with banks
lending practices ofthe financial institution
(vs. de minimis limit)
during the crisis?
Address: 1082 Budapest, Kisfaludy u. 32.
Phone: (36-1) - 485-8300
Telefax: (36-1) - 485-8320