06/28/2019 - 14:30

Systemic risk buffer requirement on MuniFin remains on the current level (1.5%)

Municipality Finance Plc
Stock exchange release
28 June 2019 at 1.30 p.m. (EET)

Systemic risk buffer requirement on MuniFin remains on the current level (1.5%)

On 28 June 2019, the Finnish Financial Supervisory Authority (FIN-FSA) has decided to remain the systemic risk buffer requirement on MuniFin on its current level. The buffer set by the FIN-FSA is 1.5% and it will be covered by common equity tier 1 capital (CET1). The decision will take effect on 1 July 2020.

MuniFin clearly meets all capital requirements set to it.

MUNICIPALITY FINANCE PLC

Harri Luhtala
CFO
tel. +358 50 592 9454

MuniFin (Municipality Finance Plc) is one of Finland's largest credit institutions: the company's balance sheet exceeds EUR 35 billion. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.

MuniFin's mission is to build a better future in line with the principles of responsibility and in cooperation with its customers. MuniFin's customers are Finnish municipalities, municipal federations, municipally controlled companies and non-profit housing corporations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin's customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

Read more: www.munifin.fi