Municipality Finance Plc
Media Release
23 March, 2017 at 4:15pm (EET)
Municipality Finance Plc financial calendar in 2017
The half year report of Municipality Finance Plc for the reporting period 1 January – 30 June 2017 will be published on Wednesday 9 August, 2017.
MUNICIPALITY FINANCE PLC
Marjo Tomminen
Executive Vice President, Finance, CFO
Tel. +358 50 3861 764
Measured by the group’s balance sheet, Municipality Finance Plc (MuniFin) is Finland’s second 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 approximately 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 local government investments and state-subsidised social housing production in all market conditions. The company’s customers are Finnish municipalities, municipal federations, municipally controlled companies and non-profit housing corporations. The customers use financing solutions provided by MuniFin to finance social and non-profit targets such as day care centres, schools, housing, hospitals and other municipal investments.
The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.