Centre International
 
 

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.

 

 


 

 



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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.

 



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Kommuninvest i Sverige AB


Kommuninvest of Sweden is a public sector owned and guaranteed credit market company, regulated by the Swedish Financial Supervisory Authority.


In its role as public local debt office, the company occupies an exceptional position in the market. Since starting up in 1986, Kommuninvest has helped reduce the municipal sector’s financing costs by SEK 300 million (app. USD 36 million). 

 

Kommuninvest lends only to municipalities that are members of Kommuninvest Cooperative Society, and to their majority-owned companies. All members are jointly committed to unlimited cover of all Kommuninvest liabilities.
 
Operations is funded by borrowing on the Swedish and international capital market. Kommuninvest's borrowing has the lowest possible risk rating: BIS 0 percent. Implicit Kingdom of Sweden support for local government underpins credit quality.
 

The local debt office comprise of two integrated units. Kommuninvest Cooperative Society is the owner organization and handles administration for the joint and several municipal guarantees that make up the guarantees for the company. 

 

Kommuninvest i Sverige AB is the Society’s credit market company offering members credit and financial consultation services. 

 

Kommuninvest i Sverige AB (www.kommuninvest.se)

Financial information, in English