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19. Contingent Liabilities

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

Download XLS

 

 

 

in thousands of EUR

2016

2015

 

 

 

 

 

 

Credit substitute guarantees

9,400

8,175

Non-credit substitute guarantees

65,773

54,885

 

 

 

 

 

 

 

75,173

63,060

 

 

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).