Municipality Finance Plc
Stock exchange release
7 March 2018 at 3:00 pm (EET)
Municipality Finance Plc’s Annual Report for 2017 published
Municipality Finance’s Annual Report, Corporate Governance Statement, and Remuneration Report for the year 2017 have been published in English and in Finnish 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
President and CEO
tel. +358 50 337 7953
Measured by the balance sheet, MuniFin (Municipality Finance Plc) is Finland’s second largest credit institution: the company’s balance sheet totals nearly 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 centers, schools and day care centers, 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.