Press release -
Region Västernorrland joins as a new member of Kommuninvest
Kommuninvest welcomes Region Västernorrland as a new member. This means that Kommuninvest Cooperative Society now has 295 members: 280 municipalities and 15 regions.
Region Västernorrland's membership in Kommuninvest is strongly linked to the region's previously decided investment in the renovation and extension of the Regional Forensic Psychiatric Clinic in Sundsvall. Membership in Kommuninvest gives the region access to an additional source of financing, which will reduce borrowing costs in the long term.
-Membership in Kommuninvest ensures our need for a stable and long-term partnership for the region's financing needs, both short and long term. There is a broad political consensus on our decision on membership thanks to the positive experiences and the relationship that has existed for a long time between the region's municipalities and Kommuninvest, says Glenn Nordlund, Chairman of the County Administrative Board of Region Västernorrland.
-As a result of our membership, we will have several added values from the expertise and experience that Kommuninvest has. In addition, access to Kommuninvest's various services and tools will support us in administration and decision-making regarding our external financing, which is extremely important for a small region like us, says Dick Rytterdahl, CFO of Region Västernorrland.
-It is very positive that Region Västernorrland has chosen to join us. Each new member makes us even stronger when it comes to being able to offer stable and cost-effective financing of investments in the local government sector, says Linda Frohm, Chairman of the Board of Kommuninvest Cooperative Society.
More information:
Victoria Preger, Chief Communication Officer Kommuninvest
Phone: +46-702-668726
Email: victoria.preger@kommuninvest.se
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 the start in 1986, the Kommuninvest collaboration has helped reduce the local government sector’s borrowing costs by many billion SEK. Currently, 294 municipalities and regions are members of this voluntary cooperation. With a balance sheet total of more than SEK 600 billion (USD ~55 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.
