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Change in the Board of Directors of MuniFin

Municipality Finance Plc
Stock Exchange Release
21 February 2020 at 1.15 am (EET)

Change in the Board of Directors of MuniFin

Raija-Leena Hankonen, member of the Board of Directors of Municipality Finance Plc (MuniFin), has as of today resigned from the Board of Directors, including its Committees, as she is proposed to be elected to the Board of Directors of Danske Bank A/S. According to MuniFin’s Articles of Association, a member of the Board of Directors may not belong to the management of another credit institution.

”Board membership in MuniFin has been an extremely interesting position in which I have been able to participate in the management of the third largest credit institution in Finland, seeing its importance for responsible finance of public sector. I am happy to have had this opportunity to help build MuniFin’s success from my part during the past year,” says Raija-Leena Hankonen.

“Despite having served on the MuniFin’s Board of Directors for a shorter period than planned, Raija-Leena Hankonen’s expertise and extensive experience in external audit and financial sector operations have been a great benefit for MuniFin. I thank her for her contribution and wish her every success in her future endeavors,” says Helena Walldén, Chair of MuniFin’s Board of Directors.


Mari Tyster
Executive Vice President, Legal and Governance
Tel. +358 50 3686860

MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions: the company’s balance sheet totals nearly EUR 39 billion. The company is owned by Finnish municipalities, the public sector pension fund Keva and the Republic of Finland.

MuniFin’s mission is to build a better future in line with the principles of responsibility and in cooperation with its customers. MuniFin’s customers are Finnish municipalities, municipal federations, municipally controlled entities and non-profit housing organisations. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.

MuniFin’s customers are domestic but the company operates in a completely global business environment. It is the most active Finnish bond issuer in international capital markets and the first Finnish green bond issuer.  The funding is exclusively guaranteed by the Municipal Guarantee Board.

The Municipality Finance Group also includes the subsidiary company, Financial Advisory Services Inspira Ltd.

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