Interim report 2020

Kommuninvest i Sverige AB

Multi-year summary, Kommun­invest i Sverige AB

30 June 2020 30 June 2019 31 December 2019 31 December 2018 31 December 2017
Total assets, SEK million 537 446,3 469 297,4 471 320,7 417 202,1 356 942,6
Lending (recognised value), SEK million 441 481,9 388 448,6 408 218,1 355 710,0 310 147,3
Net profit for the period, SEK million –159,6 282,5 307,9 586,1 876,0
Members, total 291 289 290 288 288
of which, municipalities 278 277 278 277 277
of which, regions 13 12 12 11 11
Core Tier I capital ratio1, % 153,4 156,3 126,8 188,4 212,4
Tier I capital ratio2, % 153,4 156,3 126,8 188,4 212,4
Total capital ratio3, % 153,4 156,3 126,8 188,4 212,4
Leverage ratio according to CRR4, % 1,35 1,55 1,58 1,75 1,78
1) Core Tier I capital in relation to total risk exposure.
2) Tier I capital in relation to total risk exposure.
3) Total capital base in relation to total risk exposure.
4) Tier I capital in relation to total assets and commitments (exposures).

Lending and funding

Lending portfolio by borrower category

30 June 2020 (31 Dec 2019)

*) Some lending to municipalities is on-lent to municipal companies through municipal internal banks.

Kommuninvest’s largest borrower groups are municipalities and municipal housing companies. As per 30 June 2020 they accounted for 71 (71) percent of the total lending.

New funding by programme**

1 Jan – 30 Jun 2020 (1 Jan – 30 Jun 2019)

**) Excl. commercial paper borrowing

Number of members and lending

1988–2020 (30 June)

*30 June

The principal reasons for the historical growth in lending is an increased municipal borrowing need, an increased number of members in the Society, and members choosing to place an increasingly large share of their funding with the Company.