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

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