The Slovak Guarantee and Development Bank (SZRB) will focus on the provision of an indirect form of guarantees with an emphasis on small- and medium-sized businesses (SMES). SZRB's product portfolio will be expanded to include micro-loan programmes, risk financing, joint-venture capital and support for women in business following the example of guarantee institutions in the European Union (EU).
The bank wants to simplify the provision process for loans and guarantees this year.
SZRB closed last year with net earnings of SKK134.6 million. It provided 270 loan guarantees totalling SKK1.08 billion for bank loans amounting to SKK1.635 billion. The average guarantee was almost SKK4 million.
The bank accepted 204 direct loan applications, a total volume of SKK1.991 billion with an average loan of SKK9.8 million. The bank also provided 55 indirect loans, totalling SKK447.1 million. The average amount of an indirect loan was SKK8.1 million.
