This item relates to credit-substitute guarantees and non-credit-substitute guarantees that are partly secured by blocked accounts for the same amount.

in thousands of EUR

2018

2017

Credit substitute guarantees

30,145

30,651

Non-credit substitute guarantees

110,848

53,912

 

140,993

84,563

Credit substitute guarantees are guarantees to customers for loans provided to these customers by other banks.

Non-credit substitute guarantees are guarantees to customers for all other obligations of these customers to third parties. For example:

  • Rental obligations
  • Obligations to purchase sustainable goods, such as wind turbines.
  • Obligations to decommission equipment or reinstate property (mostly related to project finance provided by Triodos Bank).