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

 

2020

2019

 

 

 

Credit substitute guarantees

41,009

75,901

Non-credit substitute guarantees

32,095

31,594

 

 

 

 

73,104

107,495

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:

  • 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).

The decrease of the credit substitute guarantees is mainly due to the repayment of two large loans which were guaranteed by Triodos Bank.