HELSINKI: The stock of central government guarantees stood at EUR 44.9 billion at the end of the second quarter of 2016, according to Statistics Finland’s data. The stock of guarantees was EUR four billion higher than one year before. Compared to the previous quarter, the growth amounted to EUR one billion, the data show.
During the second quarter of the year, new central government guarantees were granted to the amount of EUR 2.4 billion. The value of new guarantees granted was EUR one billion lower than one year before and EUR one billion higher than in the previous quarter. Ninety-four per cent of the stock of new guarantees was directed to the home country.
Central government guarantees mainly include 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 second quarter of 2016, a total of 39 per cent of the stock of central government guarantees consisted of guarantees to enterprises excluding housing corporations.
Guarantees granted to housing corporations remained at 23 per cent and those to the rest of the world at 15 per cent of the guarantee stock. The remaining 23 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 41 million and repayments received to EUR 74 million during the second quarter.
