S&P rating affirmedPress release
Standard & Poor’s Rating Services has affirmed KBN’s ratings at 'AAA/A-1+'; After Criteria Revision; Off UCO; Outlook Stable.
New methodology for rating PSFAsNews
S&P has published a new methodology for rating non-U.S. public sector funding agencies – Kommunalbanken’s (KBN) rating under criteria observation
Solid operations and good profit for the first quarterEconomy
KBN’s net interest income in the first quarter of 2018 was NOK 495 million as compared to NOK 561 million in the same period in 2017. KBN’s lending for climate-friendly projects grew more strongly than its other lending in the first quarter.
Lunch seminarGreen pages
New bond issueNews
On Tuesday 20 March 2018 KBN issued its second USD-denominated benchmark bond of the year. The bond raised USD 1.25 billion with a maturity of two years.
More environmental impact for every NOK lentAbout KBN
2017 was a very good year for KBN, not only because of its solid results and the growth seen in long-term lending, but also because of the environmental impact of our green portfolio.
Solid results and growth in long-term loansAnnual reports
In 2017, KBN granted 646 new loans totalling NOK 55 billion to finance Norwegian local government sector welfare services. The total lending portfolio grew 5.7%, which is slightly above the total debt growth in the sector. KBN has an important role in offering long-term financing and has seen growth in long-term loans in 2017, whereas KBN’s market share has remained stable.
Strong demand for new bond issueNews
On Thursday 4 January, Kommunalbanken Norway ('KBN') issued a USD 1.5 billion benchmark bond with a 5-year maturity. The issue attracted great interest from investors around the world.