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Home BUSINESSStock of govt quarantees stands at EUR 44.5b in Q4 of 2015
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Sat, 05 Mar, 2016 01:59:06 AM
FTimes Report, Mar 5

The stock of central government guarantees stood at EUR 44.5 billion at the end of the fourth quarter of 2015, according to Statistics Finland's data.

The stock of guarantees was 15 per cent higher than one year before and 6 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 EUR 3.7 billion.

The value of new guarantees granted was EUR 860 million lower than one year before and EUR 1.9 billion higher than in the previous quarter.

The majority of the stock of new guarantees was directed to the home country.

Central government guarantees include mainly 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 fourth quarter of 2015, a total of 41 per cent of the stock of central government guarantees consisted of guarantees to enterprises excluding housing corporations.

Guarantees granted to housing companies account for 23 per cent and those to the rest of the world for 15 per cent of the guarantee stock.

The remaining 21 per cent of the stock of central government guarantees divides between households, financial and insurance corporations and general government.

During the fourth quarter, guarantee fees paid amounted to EUR 31 million and repayments received to EUR 44 million.

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