KommuneKredit announces Annual Report 2018

Press release -

KommuneKredit announces Annual Report 2018

The Board of Directors of KommuneKredit have today, 1 March 2019, approved the Annual Report for 2018.

Chairman Lars Krarup states: “KommuneKredit was not created to generate earnings for members. We ensure funding at the lowest possible cost to finance municipal and regional investments, and the financial performance for 2018 is satisfactory. We guarantee funding on equal terms across Denmark – Bornholm, Frederiksberg and Lemvig – and we have done so for 120 years without suffering any losses on our loans.”

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KommuneKredit is an association, whose purpose is to provide lending to municipalities and regions and companies with a 100% municipal guarantee.

The association is the municipalities and regions own credit institution and exist solely for our clients.

Contacts

Jens Lundager

Jens Lundager

Press contact CEO +45 3369 7622

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KommuneKredit

KommuneKredit is a Danish special-purpose credit institution, providing funding for the local growth and green transition in municipalities and regions across Denmark.

KommuneKredit is an association with sustainability at its core and a strong ESG profile. Our member base consists of all Danish municipal and regional authorities. Our guarantee structure and safe business model have secured us a premium credit rating (AAA) (Aaa).

That is why we can offer municipalities and regions instant and uncomplicated access to financing of projects large or small and at the lowest possible cost. With equal opportunities and terms for all – across the entire country.

That is how it has been since 1899, when KommuneKredit first disbursed a loan. And that is the way it is today, as our dedicated employees advise on and arrange more than 2,000 loans every year.

When investors buy our bonds, we can disburse loans for purposes ranging from energy renovation of a local sports centre to the purchase of a new eco-friendly hybrid ferry, or the establishment of more sustainable district heating systems across the country.

For the benefit of ordinary citizens, for our local communities, and for an even greener future.

KommuneKredit

Kultorvet 16
DK-1175 Copenhagen K
Denmark

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