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KommuneKredit announces Annual Report 2018

Press release   •   Mar 01, 2019 11:55 UTC

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.

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.