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Sat, 30 Nov, 2013 12:03:47 AM FTimes Report, November 30  New central government quarantees granted, EUR million. Source: Statistics Finland. The stock of central government guarantees stood at EUR 32.9 billion at the end of the third quarter of 2013, an official release said.
The stock of guarantees was 12 percent higher than one year ago and four per cent higher than at the end of the previous quarter. During the third quarter of the year, new central government guarantees were granted to the amount of EUR 2 billion.
Of the new guarantees, EUR 1.5 billion were granted to Finland and EUR 0.5 billion to the rest of the world.
Central government guarantees include all guarantees granted by the government-owned enterprises, government-owned limited companies and special credit institutions for which the state is ultimately liable.
Guarantees to enterprises (excl. housing corporations) make up 40 percent of the stock of central government guarantees, according to the release.
Guarantees granted to housing associations account for 26 percent and those to the rest of the world for 21 percent of the guarantee stock.
The remaining 13 percent of the stock of central government guarantees is divided between households, financial and insurance corporations, and general government, said the release.
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Finland Times
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