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The Ministry of Finance warns against a company using the name of the National Guarantee Fund

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The Ministry of Finance warns against the operation of the company under the name of “Krajowy Fundusz Kapitałowy Spółka Akcyjna with its seat in Warsaw”. The ministry emphasized that the company is not a National Guarantee Fund and the products offered through the company are not covered by the guarantees of Bank Gospodarstwa Krajowego.

The Minisery of Finance announced in its Wednesday announcement that “Krajowy Fundusz Kapitałowy Spółka Akcyjna with its registered office in Warsaw” uses the name of the National Guarantee Fund, which is indicated in the Act of May 8, 1997 on sureties and guarantees granted by the State Treasury and certain legal entities .

“There is a suspicion that this company wants to authenticate its activities in this way and mislead potential customers who decide to entrust them with their financial resources for its shares or social bonds” – indicated.

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The Ministry of Finance warns

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The representatives of the ministry pointed out that the “Krajowy Fundusz Kapitałowy Spółka Akcyjna with its seat in Warsaw” provides information on its website which suggests that the company and the National Guarantee Fund at BGK are the same.

Additionally – as we read in the announcement – the company presents itself as “the owner of the Issuer of Social Bonds”. The Ministry of Finance announced that “unauthorized and without the consent of the Polish Financial Supervision Authority” also uses the logo of the Polish Financial Supervision Authority. “To be credible in the eyes of customers, without the knowledge and consent of the Bank Guarantee Fund, it also uses the logo of this institution” – added.

According to the Ministry of Finance, “the company’s activities may mislead potential investors – buyers of shares or bonds”.

National Guarantee Fund

The National Guarantee Fund, referred to in the Act of May 8, 1997 on sureties and guarantees granted by the State Treasury and certain legal persons, was established to finance expenditure from guarantee programs offered exclusively by Bank Gospodarstwa Krajowego.

Bank Gospodarstwa Krajowego grants sureties and guarantees on its own behalf and for its own account, including de minimis guarantees under the government program “Supporting entrepreneurship with the use of sureties and guarantees from Bank Gospodarstwa Krajowego”.

Main photo source: TVN24



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