For MuniFin, the first half of 2026 has unfolded largely as expected. The business has been shaped by a divided operating environment: at home, our customers’ financing needs have remained reasonably stable, but internationally, economic and geopolitical uncertainty has continued to intensify – and that uncertainty is making itself felt in Finland, too.
Net interest income remained at the same level as in the previous year, amounting to EUR 122 million.
The Group’s leverage ratio remained at a strong level, standing at 12.1% at the end of June. The Group’s CET1 capital ratio continued to be very strong at 87.6%, which was almost six times the required minimum of 15.1%, taking capital buffers into account.
New long-term customer financing – long-term loans and leased assets – amounted to EUR 1.9 billion in January–June. The combined total amount of sustainable finance increased by 7.3% during the reporting period, and the ratio of sustainable finance to long-term customer financing excluding unrealised fair value changes grew to 34.5%. New long-term funding. reached EUR 5.8 billion.
”The war in Iran and other geopolitical tensions have increased global uncertainty, the full implications of which cannot yet be assessed. Despite this backdrop, our funding continued to perform strongly. The benchmark bonds we issued in February and May attracted record levels of investor demand, demonstrating that investor confidence in both MuniFin and Finland’s public sector has remained strong even in an unstable market environment”, says Esa Kallio, President and CEO of MuniFin.
”MuniFin’s ability to access international capital markets in all conditions is vital to Finland’s overall security of supply. By keeping our funding running even amidst crises, we help safeguard the uninterrupted availability of financing and strengthen the resilience of our society”, Kallio continues.
MuniFin will also publish a separate Pillar III report on risk management and capital adequacy during the calendar week 34. The Pillar III report will be available in the ‘Reports and publications’ section of our website.