Municipality Finance Plc
Stock exchange release
1 March 2016 at 1:00 pm (EET)
Municipality Finance Annual Report 2015 published
Municipality Finance’s Annual Report, Corporate Governance Statement, and Remuneration Report for the year 2015 have been published in Finnish and in English on the company’s website at www.munifin.fi.
Municipality Finance has also published Pillar 3 Disclosure document in accordance with Regulation (EU) No 575/2013 and Directive 2013/36/EU. The document is available in English on the company’s website.
MUNICIPALITY FINANCE PLC
Pekka Averio
President and CEO
tel. +358 500 406 856
MuniFin’s (Municipality Finance Plc) mission is to ensure competitive financial services for its customers in all market conditions. MuniFin’s balance sheet totals nearly EUR 34 billion, making it the third largest credit institution in Finland and an integral part of the Finnish public economy.
The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. Its customers are Finnish municipalities, municipal federations, municipally controlled companies and non-profit housing corporations. Importantly, a significant portion of lending is used for socially responsible projects such as building hospitals, healthcare centers, schools, day care centers and homes for the elderly.
MuniFin’s funding is primarily obtained through the international capital markets. The funding is guaranteed by the Municipal Guarantee Board.
The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.