Government guarantees amount to Euros 1.76 billion

Guarantees provided by the Cyprus government amounted to Euros 1.76 billion at the end of June, according to data released by the Cyprus Treasury.

Government guarantees marked a reduction of 2.07%, compared with the respective period of 2016.

The sum of performing loans guaranteed by the government amounted to Euros 1.67 million, marking a decline by Euros 0.2 billion compared with the respective period of 2016.

Guarantees to public entities loans amount to Euros 1.06 billion, while guarantees to Municipalities and communities amounted to Euros 0.29 bl.

Non-performing loans guaranteed by the government amounted to Euros 96 million. Guarantees provided to retail loans were the highest with Euros 78 million.

Source: Cyprus News Agency