At the end of March, Garantiqa had guarantees worth HUF 319.6 bln, while loans for trade and vehicle repair businesses accounted for 37.5% of the total stock, manufacturing companiesʼ loans for 16% and construction company loans for 14.3%, the CEO said. The guarantees were for an average loan of HUF 12 mln, she added.
Garantiqa signs approximately 27,000 contracts a year, MTI said, adding that approximately 80% are signed with micro businesses. The Hungarian state owns a little more than three-fourths of Garantiqaʼs shares, directly and indirectly, MTI said. A long list of lenders own the remainder, it added.