The Municipal Guarantee Board (MGB) and Municipality Finance Plc. (MuniFin) constitute the joint funding system of municipalities in Finland. Below are the links to the annual reports. MGB and MuniFin have credit ratings published by Standard & Poor’s and Moody’s.
MuniFin introduces its own activities on the website www.munifin.fi

Credit ratings of Municipal Guarantee Board

Moody’s Aa1 (stable)

Standard & Poor’s AA+ (stable)

The year 2018 in Municipal Guarantee Board

Managing director’s review

MGB’s development activities in 2018 clarified its outlook for the future. Development activities focused on scrutinizing the implementation of the bank crisis management system to public sector credit institutions in Europe. Additionally, MGB enhanced its monitoring system for changes in the ECB collateral management and considered the connection between EU competition law and the Capital Requirements Regulation governing credit institutions.

HEIKKI NIEMELÄINEN, managing director

Development activities

MGB’s development activities in 2018 clarified its outlook for the future. Development activities focused on scrutinizing the implementation of the bank crisis management system to public sector credit institutions in Europe. Additionally, MGB enhanced its monitoring system for changes in the ECB collateral management and considered the connection between EU competition law and the Capital Requirements Regulation governing credit institutions.

Guarantees and collateral 31.12.2018

EUR 47027 mrd

Guarantee limits granted

EUR 31306 mrd

Guarantees in use

EUR 33863 mrd

Collateral received and items affecting collateral situation

EUR 2557 mrd

Balance of collateral and guarantees

Annual report 2018 of Municipal Guarantee Board

Read more about the events and activities in 2018

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