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Information regarding the treatment of personal data by Kommuninvest i Sverige AB
Kommuninvest has high ambitions regarding openness, traceability and transparency. At the same time, the company complies with regulations aimed at protecting the individual and its integrity. Much of the information pertaining to an individual is referred to as personal data. Personal data are defined as follows:
Any information directly or indirectly attributable to a human being who is in life is regarded as personal data. Even images (photos) and sound recordings on individuals treated by computer can be personal data even if no names are mentioned. Encrypted data and various types of electronic identities, such as IP numbers, are counted as personal data if they can be linked to a physical person.
This information describes Kommuninvest's considerations and regulations regarding the company's handling of personal information when you visit our websites or have other contacts with us.
Kommuninvest i Sverige AB (“Kommuninvest”) is responsible for all personal data that is processed within the entire organization. Below is a brief description of what personal data is processed, the reason why it is processed, and your individual right of access to all data that is held about you.
By visiting our site, you agree to these privacy principles. If you do not agree to these data protection principles, stop using this site and refrain from phone contacts. We refer instead to mail correspondence, which is handled through the registrations department.
Please feel free to get in touch with us if you need any further information about this by using the contact details below.
Personal data that is being managed
Kommuninvest processes personal data for the administration and execution of contracts that are in force, and to be able to fulfil its legal obligations. Kommuninvest processes personal data that is provided voluntarily when visiting the Kommuninvest website, when entering contracts, or when data is otherwise recorded about the preparation or administration of a contract (for example, about a lending or borrowing agreement). When matters are dealt with on the telephone, personal data is also processed by recording the call. Kommuninvest may also supplement personal data by obtaining further information from public records.
Personal data may be disclosed in certain situations where Kommuninvest is obliged by law to provide information to an agency, for example the Swedish Financial Supervisory Authority, or the Swedish Data Protection Authority.
Kommuninvest may occasionally collect anonymous information about the use of its websites to improve the site and the services provided. These usage data may apply among others:
the number of visits to the site and their length;
the user's geographical position;
usage rate of the site different sections;
which technique is used;
disturbances in the business.
The data is not reviewed at an individual level without your express permission.
When Kommuninvest collects identifiable data, we strive to inform you as to the purpose for which the information is requested. Normally, this information is requested to answer your questions.
Kommuninvest may share this type of information within the Group for the purposes mentioned in this information.
Kommuninvest uses subcontractors to offer digital services. We may need to share your personal information with these for them to provide us with their services. Our subcontractors may not use this kind of personal data for any other purpose and we assume that their services are covered by privacy. Kommuninvest does not sell and does not exchange personal data with other companies for marketing purposes.
Kommuninvest may contact you to complete customer satisfaction and market research.
In an application or request relating to an employment advertised on our website or in any other medium, you may need to provide Kommuninvest personal information, such as your resume. Kommuninvest can use this information on all its units when making employment decisions or for purpose of the request. Kommuninvest can save the data for future use, unless you have prohibited this.
Subcontractors in information management
In some situations, Kommuninvest uses subcontractors who collects, evaluates and otherwise handles data on our behalf. Kommuninvest's principle is that subcontractors commit to our data protection regulations. Normally this is governed by an agreement between Kommuninvest and our suppliers.
The accuracy of your personal data
This site may not be used to publish or disseminate data protected by copyright or other equivalent rights without the permission of the proprietor, or otherwise in a way that is adversely, offensive or harmful to Kommuninvest or third parties. By submitting this type of information through the Website, you grant Kommuninvest the right to use, develop, produce, distribute, publish or transmit the information you send in whole or in part, and / or add the data sent from you without obligation and liability to other material or other products or services.
Transcript from register and the rectification of errors
Once a year you can, free of charge, request a transcript from Kommuninvest whereby you will receive information on the personal data about you that is being held, where this data came from, why it was obtained, the purpose for which it is being held, and to whom any data may be disclosed. If you would like to be sent such a transcript, please send a written request, signed by you, to the address you will find below. You can notify us at the same address if you no longer wish to receive information from Kommuninvest, or if you would like to request the correction of some erroneous or incomplete personal data.
Comments on Kommuninvest's actions
You are welcome to contact Kommuninvest's complaint manager who takes care of your comments. Describe what you are not happy with and who you previously have had contact with.
Kommuninvest i Sverige AB
701 42 Örebro
Kommuninvest full year 2013: Operating profit SEK 757.6 (249.1) million
Kommuninvest’s operating profit for 2013 was SEK 757.6 (249.1) million. Lending amounted to SEK 208.6 (201.0) billion and the capital adequacy ratio was 59.5 (30.4) percent.
Tomas Werngren, Kommuninvest’s President and CEO, comments the annual accounts:
– The operating profit reflects the work to strengthen the capital base ahead of the EU’s introduction of a leverage ratio requirement for credit institutes effective from 2018. This work goes better than expected, providing Kommuninvest with the right conditions to fulfil its vision: to be the world’s best organisation for local government financial administration.
– We continue to be the first choice for local government loan financing. However, the competitive situation is getting tougher, which has contributed to Kommuninvest’s lending growth becoming more subdued over the year.
– Our general cost level is low and declining. For 2013, the cost level was 7.0 basis points, measured in terms of administration costs as a share of the lending portfolio excluding the statutory Swedish stability fee. This can be compared with an average of 8.8 basis points for the period 2010 to 2012.
The Kommuninvest Cooperative Society grew with four (seven) new member municipalities during 2013: the municipalities of Uppsala, Tibro, Järfälla and Svalöv. By year-end, the Society had 278 (274) members, of which 270 (266) were municipalities and 8 (8) were county councils.
Summary of the year
• Balance sheet total SEK 277.5 (283.3) billion
• Lending SEK 208.6 (201.0) billion
• Net interest income SEK 969.5 (771.7) million
• Operating profit SEK 757.6 (249.1) million
• Operating profit, excluding the effect of unrealised market value changes SEK 740.0 (510.0) million
• Total capital base SEK 2,650.8 (1,732.6) million
• Capital adequacy ratio 59.5 (30.4) %
• Leverage ratio 0.96 (0.68) %
• Market share in percent of the local government sector’s total borrowing 44 (46) percent
For further information
Tomas Werngren, President and CEO, tel. +46 70 645 06 69
Maria Viimne, Deputy CEO, tel. +46 70 333 69 02
Björn Bergstrand, Head of Media Relations, tel. +46 70 886 94 76 alt. firstname.lastname@example.org
Kommuninvest i Sverige AB is owned by Swedish municipalities and county councils with the purpose of supporting their financial operations through secure and cost-efficient financing, skills development and cooperation. With approximately SEK 210 billion in lending, Kommuninvest is the largest lender to Swedish local governments.