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Garantiqa Surety Stock Climbs to HUF 2.545 tln

Figures

Surety stock of Garantiqa, a guarantor controlled by the state of Hungary, rose 2% to HUF 2.545 tln in the first half of the year, the company said on Thursday, according to a report by state news wire MTI.

The stock of loans related to the guarantee portfolio rose 5% to HUF 3.203 tln.

Guarantees signed for in H1 were "practically all" for state-subsidized credit, CEO István Attila Szabó said.

Redeemed guarantees came to HUF 25.3 bln in H1, just 26% of the full-year target.

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