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Kuntarahoitus
Kuntarahoitus Oyj, variously branded Municipal Finance or Municipality Finance or MuniFin in English, is a public financial institution in Finland and the country's third-largest credit institution by total assets, behind Nordea and OP. Kuntarahoitus plays a central role in financing local government in Finland. It is the first Finnish green and social bond issuer. Its customers are Finnish municipalities, municipal associations, municipal-owned enterprises, and public-benefit housing companies that engage in state-supported social housing production and are approved by the Housing Finance and Development Centre of Finland (ARA). As of end-2022, it had €48 billion in total assets. Kuntarahoitus has been a member of the United Nations Global Compact since October 2020. Overview Kuntarahoitus was established in 2001 by merger of two predecessor entities, the so-called the old Kuntarahoitus Oy (est. 1990) and Kuntien Asuntoluotto Oyj. As of the mid-2010s, it financed around 80 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crédit Communal De Belgique
The Crédit Communal de Belgique (, ) was a Belgian financial institution, established in 1860 and eventually merged with Crédit Local de France in 1996 to form Dexia. By the mid-1990s, it was the second-largest Belgian bank by total assets (behind the Générale de Banque) and the largest one by deposits. History The Crédit Communal de Belgique was created in 1860 on the initiative of Walthère Frère-Orban, taking advice from statesman Henri de Brouckère and financier Jonathan-Raphaël Bischoffsheim. The aim was to grant credit to municipalities for their investments, for which the bank was established in the form of a cooperative, namely a public limited company owned by Belgian municipalities. Municipalities that wanted to borrow from it had to subscribe to shares for at least 5% of the amount of their loan, thus gradually establishing a proper capital base for the bank. The Crédit Communal's founding act was made by lawmaker Auguste Orts and Jacques Gillon, the mayor of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SFIL
SFIL, known until 2015 as Société de Financement Local, is a French public credit institution spun off in February 2013 from the publicly rescued Dexia. SFIL operates in local public sector financing and large export credit contracts refinancing, in commercial partnership with publicly owned bank La Banque Postale (LBP). Since 2020 it has been fully owned by Caisse des Dépôts et Consignations (CDC), France's major public financial institution, but for a single share still held by the French state. SFIL has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. History Dexia sold the Société de Financement Local (SFIL) for one euro in January 2013, following which the bank's new shareholders were the French state (75 percent), CDC (20 percent), and LBP (5 percent). The transferred operations included the Dexia Municipal Agency, a debt-issui ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Terveystalo Kamppi
Terveystalo (literally "health-house") is a Finnish private healthcare company. Terveystalo provides healthcare, work healthcare and hospital care services for private persons, corporations, insurance companies and the public sector in about 100 localities with about 180 locations all over Finland.Yritystietoa – Avainluvut Terveystalo. Accessed on 16 July 2018. History The history of Terveystalo dates back to the 1940s, when the oldest daughter companies of the concern were founded. Terveystalo started activities in 2001 when the concern was joined by Vaajakosen Lääkäriasema Oy and the Medipa Oy medical stations in , |
Finland
Finland, officially the Republic of Finland, is a Nordic country in Northern Europe. It borders Sweden to the northwest, Norway to the north, and Russia to the east, with the Gulf of Bothnia to the west and the Gulf of Finland to the south, opposite Estonia. Finland has a population of 5.6 million. Its capital and largest city is Helsinki. The majority of the population are Finns, ethnic Finns. The official languages are Finnish language, Finnish and Swedish language, Swedish; 84.1 percent of the population speak the first as their mother tongue and 5.1 percent the latter. Finland's climate varies from humid continental climate, humid continental in the south to boreal climate, boreal in the north. The land cover is predominantly boreal forest biome, with List of lakes of Finland, more than 180,000 recorded lakes. Finland was first settled around 9000 BC after the Last Glacial Period, last Ice Age. During the Stone Age, various cultures emerged, distinguished by differen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nordea
Nordea Bank Abp, commonly referred to as Nordea, is a Nordic financial services group operating in northern Europe with headquarters in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The Nordic countries are considered Nordea's home market, having finalised the sales of their Polish bank in 2014, Baltic operations in 2019 and completed the exit from Russia in early 2022 following a 2019 decision to close the business there. Nordea is listed on Nasdaq Nordic exchanges in Helsinki, Copenhagen, and Stockholm and Nordea ADR is listed in the US. Nordea serves 9.3 million private and 530,000 active corporate customers, including 2,650 large corporates and institutions. Nordea's credit portfolio is distributed across Finland (21%), Denmark (26%), Norway (21%), and Sweden (30%). There are four Business Areas (BAs) at Nordea, Personal Banking, Business Banking, Large Corporates & Institutions, and Asset & Wealth Management. Assets under Management (AUM) were € ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
OP Financial Group
OP Financial Group is one of the largest financial companies in Finland. It consists of 180 cooperative banks and their central organization. "OP" stands for "osuuspankki" in Finnish, literally meaning "cooperative bank". The financial group has over 2 million customer-owners, offering retail and commercial banking services all over Finland, as well as insurance services. In 2014 the group acquired the remainder of the shares of Pohjola Bank and consolidated its services under the OP brand, shortening its name to OP from OP-Pohjola, a name it had used since 2007. OP's current headquarters are located in Vallila, Helsinki, and opened in 2015. OP has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housing Finance And Development Centre Of Finland
The Housing Finance and Development Centre of Finland (abbr. ARA, ) is a Finish government agency within the jurisdiction of the Finnish Ministry of the Environment, responsible for implementing state housing policy. ARA's tasks include granting subsidies, support, and guarantees related to housing and construction. Additionally, ARA directs and supervises the use of ARA housing stock and is involved in projects related to housing development and expertise in the housing market. ARA collects, analyzes, and disseminates information about the housing market and maintains industry networking and information services. History In the late 1940s, after the Continuation War, the Arava system was established for financing housing construction. In 1966, Arava's tasks were transferred to the Finnish Housing Fund, and with its abolition in 1993 to the State Housing Fund. ARA was established in its current form on January 1, 2008. As part of the latest agency reform, ARA transitioned from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United Nations Global Compact
The United Nations Global Compact is a non-binding United Nations pact to get businesses and firms worldwide to adopt sustainable and socially responsible policies, and to report on their implementation. The UN Global Compact is the world's largest corporate sustainability and corporate social responsibility initiative, with more than 20,000 corporate participants and other stakeholders in over 167 countries. The organization consists of a global agency, and local "networks" or agencies for each participating country. Under the Global Compact, companies are brought together with UN agencies, labour groups and civil society. The UN Global Compact is a principle-based framework for businesses, stating ten principles in the areas of ''human rights'', ''labour'', ''the environment'' and ''anti-corruption''. The declared objectives of the participants and stakeholders are to "mainstream the ten principles in business activities around the world" and to "catalyse actions in s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Banking Supervision
European Banking Supervision, also known as the Single Supervisory Mechanism (SSM), is the policy framework for the prudential supervision of banks in the euro area. It is centered on the European Central Bank (ECB), whose supervisory arm is referred to as ECB Banking Supervision. EU member states outside of the euro area can also participate on a voluntary basis, as was the case of Bulgaria as of late 2023. European Banking Supervision was established by Regulation 1024/2013 of the Council, also known as the SSM Regulation, which also created its central (albeit not ultimate) decision-making body, the ECB Supervisory Board. Under European Banking Supervision, the ECB directly supervises the larger banks that are designated as Significant Institutions. The other banks, known as Less Significant Institutions, are supervised by national bank supervision, banking supervisors ("national competent authorities") under supervisory oversight by the ECB. As of late 2022, the ECB directly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Bank
The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks with a balance sheet total of around 7 trillion. The Governing Council of the European Central Bank, ECB Governing Council makes monetary policy for the Eurozone and the European Union, administers the foreign exchange reserves of EU member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the EU. The Executive Board of the European Central Bank, ECB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The ECB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the EC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keva (pension Agency)
Keva is the Finnish pension agency responsible for pensions of public sector workers in state, municipal, and state church positions. Keva is responsible for the pensions of 1.3 million workers, and has €35.8 billion in investments. The corporation is defined separately in the Municipal Pensions Act 13.6.2003/549. The name Keva derives from ''Kuntien eläkevakuutus'', "Pension Insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ... of the Municipalities". Keva covers a total of 1.2 million public sector employees and retirees. In 2017, revenue from contributions to the Keva pension scheme was around €4.8 billion and the market value of investments was around €51.9 billion. References Pension funds Financial services companies of Finland {{Finland-poli-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Nederlandse Gemeenten
BNG Bank N.V. is a Dutch bank specializing in providing financing for (semi-) publicly owned organizations. Ranked by assets alone, it is ranked as the 4th bank in the Netherlands. The Dutch state owns 50% of the company, while the remainder is owned by the municipalities and provinces. History The company was founded in 1914 in The Hague as the Gemeentelijke Credietbank (Municipal Credit Bureau) in 1922 and then changed its name to Bank voor Nederlandsche Gemeenten () in the 1990s, before finally changing it to BNG Bank in 2018. BNG Bank does not provide financing to private customers, but exclusively to (semi-)public organizations, such as municipalities, provinces, public utilities, health care organisations and public housing. BNG has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. Awards The magazine '' Global Finance'' rated BNG ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
