MuniFin’s sustainable finance continues to grow – our Annual Report 2025 is published
MuniFin’s key reports for the year 2025 are now published. We released our 2025 Annual Review, Corporate Governance Statement and Pillar III disclosure report on capital adequacy. The Green and Social Impact Reports will be released in April.
Our position as the primary financing partner to our customers remained solid in 2025. Investment activity remained robust especially in major cities, keeping municipalities’ demand for financing at a high level.
Affordable social housing production faced mounting pressure following significant cuts to government interest subsidy loan authorisations and the discontinuation of grants for student and senior housing. Despite this, demand for financing in non-profit housing construction remained very strong overall.
We expanded our range of sustainable finance instruments with a new sustainability-linked loan, which our customers have received enthusiastically. Loan demand was more than double our target. We also revised our sustainability agenda, setting more ambitious goals to our operations.
The majority of the new long-term financing we granted was sustainable finance: either green or social finance or sustainability-linked loans.
In funding, the year was even better than expected. Despite the uncertain market sentiment, investor demand remained strong and our benchmark bonds and other funding arrangements were highly successful.
One of the highlights of our year was the establishment of MuniFin Happiness Grant. For eight years in a row, Finland has ranked first in the UN’s World Happiness Report. What makes Finns happy is often simple: a stable society and the comfort of knowing that life’s basics are in order.
“Our customers strengthen these pillars of happiness every day through their work and our financing. The Happiness Grant is our way of shining a spotlight on their efforts and inspiring dialogue on how society can maintain and strengthen the structures on which we can build an even better and more equal Finland where everyone is safe and future growth is possible”, says MuniFin’s President and CEO Esa Kallio.
At MuniFin, we place great importance on developing Finnish society and its structures.
“By driving climate-positive and socially impactful solutions, our work also has international relevance. In times of uncertainty, we want to ensure that our customers can focus on their important work without having to worry about access to financing. To our customers, staff and collaboration partners: thank you for working towards our shared goal.”
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