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Business year 2011
23
In addition, EIF further implemented the JEREMIE risk shar-
ing loan facility, the Funded Risk Sharing Product (FRSP),
whereby EIF provides funding to banks for the financing of
new portfolios of SME loans (such loans to be co-financed
by the financial institutions) and shares part of the credit risk
relating to the portfolios. EIF signed nine JEREMIE risk shar-
ing loan facilities in 2011 for a total amount of EUR 283m
in Greece, Italy and Lithuania.
European Commission
EIF own resources
Regional mandates (JEREMIE, GAGF)
Yearly guarantee commitments by resource – in EUR m
2007 2008 2009 2010 2011
1 600
1 400
1 200
1 000
800
600
400
200
0
1 469
1 461
910
191
613