EUROPEAN ASSOCIAOTION of MUTUAL GUARANTEE SOCIETIES - AECM
AECM has 34 member organisations operating in 21 EU countries and Turkey. Its members are mutual, private sector guarantee schemes as well as public institutions, which are either guarantee funds or Development banks with a guarantee division. They all have in common the mission of providing loan guarantees for SME who have an economically sound project but cannot provide sufficient bankable collateral. In 2009, AECM member organisations had a total guarantee volume in portfolio of € 70,4 billion and issued a total of € 34 billion in new guarantees.
AECM represents the political interest of its member organizations towards the European Institutions, such as the European Commission, the European Parliament and Council, as well as towards other multilateral bodies among which the European Investment Bank (EIB), the European Investment Fund (EIF), the Bank for International Settlement (BIS), the World Bank, etc. It deals primarily with issues related to state aid regulation relevant for guarantee schemes within the internal market, to European support programmes and to prudential supervision.
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