We have released our 2024 reports. Among the newly published documents are our annual report, green and social impact reports and Pillar III disclosure report on capital adequacy.
In 2024, the demand for our financing was high, and we maintained our solid position as the primary financing partner to our customers. The high demand was driven by the municipal sector’s large investment needs and the increased government interest subsidy loan authorities in affordable social housing production.
“The operating environment in global economy and international politics went through a whirlwind of changes in 2024. Even in the turmoil, Finland stood steady and secure: our society is built on long-standing practices and institutions that have been developed together and tried and tested over time. This stability also helps safeguard MuniFin’s strong performance through shifts in the operating environment”, MuniFin’s CEO Esa Kallio says.
Our role is to ensure that our customers have access to affordable financing under all market conditions, also during economic crises and other exceptional circumstances. This helps secure Finland’s operational reliability, development opportunities and security of supply.
A record year in sustainable funding, green finance growing fast
The majority of our new long-term customer financing was sustainable finance: green or social finance.
We issued a record number of sustainable bonds in 2024. We also branched out into new currencies, issuing both our first NOK green bond and NOK social bond as well as our first SEK green bond.
For the first time ever, we issued a total of three green bonds within a single year. The USD 1 billion bond issued in October marked our tenth green bond. At the time, its USD 5.5 billion order book was the largest in our history.
Sustainable finance products are a way of encouraging our customers to make more responsible investments. More information about the impacts of our sustainable finance is available in the green and social impact reports published today.