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Fri, 27 May, 2016 12:06:10 AM FTimes Report, May 27  Central government guarantees by quarter, EUR million. Source: Central government guarantees, Statistics Finland. The stock of central government guarantees stood at EUR 43.8 billion at the end of the first quarter of 2016, according to Statistics Finland's data.
The stock of guarantees was 11 per cent higher than one year previously and almost of the same size as at the end of the previous quarter.
During the first quarter of the year, new central government guarantees were granted to the amount of EUR 1.1 billion.
The value of new guarantees granted was EUR 480 million lower than one year before and EUR 2.5 billion lower than in the previous quarter.
Eighty-two per cent of the stock of new guarantees was directed to the home country, the data show.
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 first quarter, 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 remained at 23 per cent and those to the rest of the world at 15 per cent of the guarantee stock.
The remaining 22 per cent of the stock of central government guarantees divides between households, financial and insurance corporations, and general government.
Guarantee fees paid amounted to EUR 16 million and repayments received to EUR 31 million during the first quarter.
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Finland Times
| Saturday, 27 April, 2024 |
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