Newsletter n°8, Winter 2010

Global survey on Impact of the financial crisis on the Public Finance specialized banks and their regional and local partners. You find the survey here.

Click here to read the Press Release.

ICLC's Conference and General Assembly took place in Brussels, 14 - 16 October.

The Conference tackled the impact of the financial and economic crisis on banks specialised in public financing and their local partners.

All news

Newsletter n°8, Winter 2010

Survey shows that the autumn financial crisis did not lead to a credit crunch for Local Authorities.

Click here to read press release.

The International Centre for Local Credit present itself here.

Looking at the Urban century and gives a snapshot on the local status of a global crisis.

Kommunalkredit Austria

Kommunalkredit is the Austrian market leader in public finance, providing finance for infrastructure projects of the public sector and quasi-public enterprises in Austria, Switzerland and the countries of the euro area. Operating through Dexia Kommunalkredit Bank, the Kommunalkredit Group is also poised to take a leading role in Central and Eastern Europe.

The product range offered also includes asset-management services for public and institutional investors, treasury activities (refinancing and investment banking), such as depository services, debt and equity financing, liquidity management, the bank’s securities portfolio, as well as consultancy and management services for public-sector clients and international institutions. In the development of its products and services, Kommunalkredit considers all dimensions of sustainability, e. g. through its global involvement in the Kyoto Programme for the Austrian Ministry of Agriculture, Forestry, Environment and Water Management.

Drawing on its know-how as a specialized bank also in new product segments, such as public-sector building construction, social housing and health care, the Kommunalkredit Group analyses and optimises its customers’ budgets. Through the use of advanced financing instruments, the Group is able to realize the potential for savings and significantly lower the budgetary burden.

Dexia Kommunalkredit Bank – a joint venture between Dexia Crédit Local and Kommunalkredit Austria – has its core market in the future-oriented region of Central and Eastern Europe.

Offering its customers the advantages of high flexibility, long maturities, large volumes and good credit ratings, Dexia-Kom acts directly from its head offices in the Czech Republic, Slovakia, Poland, Romania, Bulgaria and Hungary. Besides the provision of public finance, Dexia-Kom also fulfils the legal and economic prerequisites for supporting its customers (central governments, regions and provinces, large municipalities) sustainably in the implementation of their projects on the basis of social and ecological considerations.

More information:

Kommunalkredit Austria AG, Vienna (www.kommunalkredit.at)

Financial information, Kommunalkredit Austria AG, in German

Dexia Kommunalkredit Bank AG, Vienna (www.dexia-kom.com)