GUARANTEE ACTIVITIES
MGB together with the Municipality Finance (MuniFin) comprise the joint funding system of municipalities in Finland.
MuniFin’s funding originates from international capital markets and is guaranteed by MGB against sufficient security.
MuniFin’s lending is offered exclusively to Finnish municipalities, their majority-owned companies, municipal federations, and non-profit housing organisations as stipulated in the MGB Act.
GUARANTEES AND COLLATERAL (31.12.2020)
EUR 58558 billion
Guarantee limits granted
EUR 39415 billion
Collateral received and items affecting collateral situation
EUR 36658 billion
Guarantees in use
EUR 2757 billion
Balance of collateral and guarantees
