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Home BUSINESSGovt. stock guarantee stands at EUR 30.6 billion
Tue, 05 Mar, 2013 12:15:24 AM
FTimes Report, March 4

The stock of central government guarantee stood at EUR 30.6 billion at the end of 2012, according to the report of Statistics Finland.

The report released here on Monday said that the stock of guarantees  was 27 percent higher compared to the stock of the previous year and four percent higher than the previous quarter.

During the fourth quarter of the last year, the new central government guarantees were EUR 3.5 billion. Out of the new guarantees, EUR 1.9 billion were granted to Finland and EUR 1.6 billion to the rest of the world.

The central government guarantees include all guarantees granted by the state, government-owned enterprises, government-owned limited companies and special credit institutions for which the state is ultimately liable.

Guarantees to enterprises make up 40 percent of the stock of central government guarantees.

Guarantees granted to housing associations was 26 percent and those to the rest of the world for 18 percent of the guarantee stock.

The remaining 16 percent of the stock of central government guarantees divides between households, financial and insurance corporations, and general government, the press release added.

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