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Information regarding the treatment of personal data by Kommuninvest i Sverige AB

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Kommuninvest i Sverige AB (“Kommuninvest”) is responsible for all personal data that is processed within the entire organisation. Below is a brief description of what personal data is processed, the reason why it is processed, and your individual right of access to any and all data that is held about you. 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 also in order to be able to fulfil its legal obligations. Kommuninvest processes personal data that is provided voluntarily in connection with visits to the Kommuninvest website, when entering into contracts, or when data is otherwise recorded in connection with the preparation or administration of a contract (for example, in connection with a lending or borrowing agreement). When matters are dealt with on the telephone, personal data is also processed because such telephone calls are recorded. Kommuninvest may also supplement personal data by obtaining further information from public records.

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Transcript from register and the rectification of errors

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KBN joins Nordic agency cooperation

The Nordic local government funding agencies – set up to provide low cost and stable funding for public investments in Denmark, Finland, Norway and Sweden – are amongst Europe’s most creditworthy and important issuers of SSA debt. Collectively, Kommunalbanken (Norway), KommuneKredit (Denmark), Kommuninvest (Sweden) and Municipality Finance (Finland), issue $35-40 billion annually in bonds, notes, and commercial paper.

While issuing separately in the capital markets, the institutions have strong relationships and cooperate closely within certain areas to benchmark the organisations’ practices, enhance knowledge sharing and sourcing, among others.

– Given the similarity between the institutions, it makes a lot of sense to cooperate, says Tomas Werngren, Kommuninvest’s president. It enables us to achieve further economies of scale and knowledge, which is really fundamental to all of us.

A formal cooperation between Kommunekredit, Kommuninvest and Municipality Finance has been in place since 2011. Kommunalbanken (KBN) now joins this group.

– We look forward to joining the Nordic cooperation. Our organisations are set up with the same purposes, we have strong cultural ties and share many of the same values. To be able to exchange information on best practice, to discuss common challenges and opportunities will strengthen our knowledge base for the benefit of our customers and owners, says Kristine Falkgård, President and CEO of Kommunalbanken.

Ms. Falkgård says meeting the Nordic colleagues is a great inspiration.

– We all perform important public tasks in our economies and recognize the importance of having a strong Nordic voice in many contexts. This collaboration will help us deliver on our mandates; to secure cost efficient finance for local government investments in our respective countries.

The agencies’ cooperation typically deals with a handful of prioritized strategic projects at a time. Currently, the focus projects include collateral management, digital services, new regulations (EMIR), credit analysis and valuations.

For further information
Mie Norlev Aoki, Project Manager for the Nordic cooperation, tel: +45 3369 7637, email: mna@kommunekredit.dk

Björn Bergstrand, Head of Media Relations, Kommuninvest i Sverige AB, tel: +46 70 886 94 76, email: bjorn.bergstrand@kommuninvest.se