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Fri, 06 Mar, 2015 12:09:20 AM FTimes Report, Mar 6  Central government guarantees by quarter, EUR million. Source: Central government guarantees, Statistics Finland. The stock of central government guarantees stood at euro 38.7 billion at the end of the fourth quarter of 2014, according to Statistics Finland's data.
The stock of guarantees was 16 per cent higher than in the previous year and four per cent higher than at the end of the previous quarter.
During the fourth quarter of the year, new central government guarantees were granted to the amount of euro 4.5 billion.
The value of new guarantees granted was euro 2.8 billion higher than one year before and euro 2.6 billion higher than in the previous quarter, the statistics show.
The growth in new guarantees primarily came from export companies. The stock of new guarantees was directed to the home country.
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.
At the end of the last quarter of 2014, a total of 40 per cent of the stock of central government guarantees consisted of guarantees to enterprises excluding housing corporations.
Guarantees granted to housing companies account for 25 per cent and those to the rest of the world for 18 per cent of the guarantee stock.
The remaining 17 per cent of the stock of central government guarantees divides between households, financial and insurance corporations, and general government.
During the quarter, guarantee fees paid amounted to euro 33 million and repayments received to euro 59 million.
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Finland Times
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