2012

5/16/2012

Central government announces increase in KBN’s equity capital

The Norwegian Central Government, through the Ministry of Local Government and Regional Development, has proposed to increase KBN’s equity capital by NOK 1118 million. The capital increase will ensure that the bank satisfies the requirement of minimum 9 percent of a core capital ratio, as defined by EBA, by 30 June 2012.

3/30/2012

RESULTS

A good year for Kommunalbanken

KBN achieved a profit after tax of NOK 724 million in 2011, compared to 741 million the year before. Solid loan growth and favourable margins on financial hedging instruments contributed positively to net interest margin, while IFRS accounting effects on financial hedging instruments reduced the net result.

2/3/2012

Benchmark

KBN successfully launches 2012 USD programme

On 1st February, KBN issued a new US$ 1.25 billion 3-year RegS/144a bond due 9th February 2015. This is KBN’s fifth outing under the 144a programme and their debut transaction of 2012.