ÖREBRO, Sweden, August 27, 2014 /PRNewswire/ --
- The Swedish local government debt office, Kommuninvest i Sverige AB, reports stable results and a strengthening of capital, according to its interim report for the first six months of 2014. Operating profit rose to SEK 419 (330) million and Kommuninvest reported a leverage ratio of 1.16 (0.96) per cent. At 30 June, lending amounted to SEK 211 (209) billion.
Comments by Tomas Werngren, President and CEO
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Summary of the first six months
• Balance sheet total SEK 286,672.2 (277,458.7) million
• Lending SEK 210,760.3 (208,644.0) million
• Net interest income SEK 466.7 (483.7) million
• Operating profit SEK 419.0 (329.6) million
• Equity SEK 2,708.9 (1,727.6) million
• Leverage ratio 1.16 (0.96) percent
• Rating: AAA (S&P), Aaa (Moody's)
• 1 (4) new member
The interim report is available for download at Kommuninvest's web site: http://www.kommuninvest.org
Comparative earnings figures relate to the same six month period last year (1 January-30 June 2013). Comparative balance sheet figures relate to 31 December 2013.
About Kommuninvest
Kommuninvest i Sverige AB is owned by Swedish municipalities and county councils with the purpose of supporting their financial operations through secure and cost-efficient financing, financing advice, skills development and cooperation. Kommuninvest is the largest supplier of credit to Swedish local governments.
Contact persons for enquiries
President & CEO Tomas Werngren, tel. +46-70-645-06-69
Deputy CEO Maria Viimne, tel. +46-70-333-69-02
Head of Media Relations Björn Bergstrand, tel. +46-70-886-94-76 or bjorn.bergstrand@kommuninvest.se
Björn Bergstrand, Head of Media Relations, +46-708-86-94-76, e-mail: name.surname at kommuninvest.se
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