Municipality Finance elects Finland as its Home Member State for the purposes of the Transparency Directive

Municipality Finance Plc
Stock Exchange Release
February 15, 2016 at 1 pm (CET +1)

Municipality Finance elects Finland as its Home Member State for the purposes of the Transparency Directive

Municipality Finance Plc hereby announces that it has chosen Finland as its Home Member State for the purposes of the Transparency Directive (2004/109/EC, as amended by Directive 2013/50/EU).

MUNICIPALITY FINANCE PLC

Further information:
Mari Tyster, Executive Vice President, Administration and Legal Affairs
Tel. +358 50 3686 860

Measured by the group’s balance sheet, MuniFin (Municipality Finance Plc) is Finland’s third largest credit institution. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland. MuniFin is an integral part of the Finnish public economy.

MuniFin’s balance sheet totals nearly EUR 34 billion. Funding for the company is primarily obtained through the international capital markets. MuniFin’s funding is guaranteed by the Municipal Guarantee Board.

MuniFin’s mission is to ensure competitive funding for its customers in all market conditions. The company’s customers are Finnish municipalities, municipal federations, municipally controlled companies and non-profit housing cor­porations. 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.

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