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

There are provisions contained within The Personal Data Act (“personuppgiftslagen” 1998:204) regarding the way in which personal data should be treated. The purpose of this legislation is to protect individuals from having their privacy violated via the processing of their personal data. The term “personal data” in this context refers to any information that can directly or indirectly be attributed to a living human being.

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.

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 Inspection Board.

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.

PRESS RELEASE: Former Riksbank governor nominated to Board of Kommuninvest

The Election Committee for Kommuninvest i Sverige AB, in which all business operations of Kommuninvest are conducted, today announced its proposal on members of the Board of Kommuninvest i Sverige AB, to be resolved at the Annual General Meeting on 21 April  2016.

For re-election as members of the Board of Kommuninvest i Sverige AB, for the period from the AGM 2016 until the AGM 2017, the Election Committee proposes Ellen Bramness Arvidsson (Chairman), Kurt Eliasson, Anna von Knorring, Erik Langby, Anna Sandborgh and Johan Törngren.

For election as a new member to the Board of Kommuninvest i Sverige AB, for the period from the AGM 2016 until the AGM 2017, the Election Committee proposes Lars Heikensten.

Lars Heikensten is the former Governor of Sweden’s central bank, the Riksbank, serving as the Deputy Governor from 1995 to 2003 and as Governor from 2003 to 2005. Currently, Mr. Heikensten is the Executive Director of the Nobel Foundation, which manages the assets that fund the awarding of the Nobel Prize.

Mr. Heikensten has extensive experience of Swedish financial markets, including as head of the Economic Affairs Department at the Ministry of Finance and as Chief Economist at Handelsbanken. Lars has also held several international assignments, such as a member of the EU Monetary Committee, the General Council of the ECB (European Central Bank), and the Board of the BIS (Bank of International Settlements). Board. Between 2006 and 2011, Mr. Heikensten was a Member of the European Court of Auditors.

What attracted Lars Heikensten to Kommuninvest is the long-term prospects for the Swedish local government sector.

– Sweden’s municipalities are facing major challenges ahead, not least, extensive investment in housing and infrastructure, says Lars Heikensten. At the same, the requirements on the financial sector are tightened in the wake of the financial crisis. Against this background, it will be exciting and interesting to work in Kommuninvest’s Board of Directors.

Comment by Göran Färm, Chairman of the Board of Directors of Kommuninvest Cooperative Society and Chairman of the Election Committee of the Society’s companies.

– I am delighted to welcome Lars to Kommuninvest as a new board member. There are probably few people in Sweden, who combine such thorough academic skills and practical knowledge in the financial area.

Comment by Ellen Bramness Arvidsson, Chairman of the Board of Kommuninvest i Sverige AB.

– Lars Heikensten is an excellent suggestion, and I look forward to working with him on the board. His depth of knowledge will be of great benefit to us.



Picture of Lars Heikensten for download.

Pictures of Göran Färm and Ellen Bramness Arvidsson can be downloaded here.


Note to editors

Kommuninvest is organized in a member organization, Kommuninvest Cooperative Society, with 281 Swedish local governments as members/owners. The Society is the sole of owner of a credit market company, Kommuninvest i Sverige AB, in which all business operations are conducted. The 281 members/owners of the Society have signed a joint and several guarantee arrangement in respects of the credit market company’s commitments. Kommuninvest is AAA/Aaa-rating, with stable outlook.


About Kommuninvest

Kommuninvest is a municipal cooperation for efficient and sustainable financing of housing, infrastructure, schools, hospitals etc. Together, we get better loan terms than each one individually. Since its inception in 1986, the Kommuninvest collaboration has helped lower the local government sector’s borrowing costs by many billion kronor. Currently, 272 municipalities and 9 counties/regions are members of this voluntary cooperation. With total assets of around SEK 350 billion (USD ~40 billion), Kommuninvest is the largest lender to the local government sector and the sixth largest credit institution in Sweden. The head office is located in Örebro.


For further information

Björn Bergstrand, Head of Media Relations, tel: +46 (0)10 470 87 31 alt. +46 (0) 70 886 94 76, e-mail: bjorn.bergstrand@kommuninvest.se