Kommunalbanken

Kommunalbanken AS

Type	Private
Industry	Financial services
Founded	1927, 1999
Headquarters	Oslo, Norway
Area served	Norway
Products	Loans
Parent	Norwegian Ministry of Local Government (80%) Kommunal Landspensjonskasse (20%)
Website	www.kommunalbanken.no

Kommunalbanken, sometimes branded as Kommunalbanken Norway is a Norwegian bank that offers loans exclusively to the municipal and county sector. The banks portfolio was NOK 76.7 billion as of 2006, and 45 % of all municipal and county debt is though Kommunalbanken, with about 95% of all counties and municipalities being customers.^[1] Included among those absent are those so wealthy from hydroelectricity production that they do not require debt to finance investments. Kommunalbanken also issues loans to Municipal Enterprises, County Enterprises and Intermunicipal Companies, all that are extensions of the liability of the municipalities and counties themselves. Kommunalbanken is a limited company owned by the Norwegian Ministry of Local Government (80%) and National Local Government Pension Fund (Kommunenes Landspensjonskasse, 20%). Before 1999 it was a Government agency called Norges Kommunalbank that was founded in 1927.^[2]

References

1. ^ Kommunalbanken. "Leanding". http://www.kommunalbanken.no/default.aspx?m=200&amid=3598. Retrieved 2007-07-22. 
2. ^ Kommunalbanken. "Welcome to Kommunalbanken Norway". http://www.kommunalbanken.no/default.aspx?m=200&amid=3598. Retrieved 2007-07-22. 

External links

• Corporate web site