Press release -
Region Västra Götaland joins Kommuninvest as member no 292
Following the finalization of the last formalities, Kommuninvest now welcomes a new member: Region Västra Götaland. This means that Kommuninvest Cooperative Society now includes 292 members: 278 municipalities and 14 regions.
In the context of changes within the tramway system in Gothenburg, Region Västra Götaland faces a need for external borrowing. By becoming a member, new opportunities for competitive and efficient borrowing for that purpose are opened up.
- It is very positive that Region Västra Götaland has decided to join. This is a large and important step forward for Kommuninvest. When the collaborative effort is strengthened in this way, the conditions for offering members stable and low-cost lending become even better, says Göran Färm, Chairman of the Board of Kommuninvest Cooperative Society.
Topics
Kommuninvest is a municipal cooperation for efficient and sustainable financing of housing, infrastructure, schools, hospitals etc. Together, we get better loan terms than each one individually. Since its inception in 1986, the Kommuninvest collaboration has helped lower the local government sector’s borrowing costs by many billion kronor. Currently, 292 municipalities and counties/regions are members of this voluntary cooperation. With total assets exceeding SEK 450 billion (USD ~47 billion), Kommuninvest is the largest lender to the local government sector and one of the ten largest credit institutions in Sweden. The head office is located in Örebro.
