Resolutions by the Annual General Meeting of Municipality Finance Plc held on 26 March 2026
Municipality Finance Plc
Stock exchange release
26 March 2026 at 4:00 pm (EET)
Resolutions by the Annual General Meeting of Municipality Finance Plc held on 26 March 2026
The Annual General Meeting (hereinafter the AGM) of Municipality Finance Plc (MuniFin) held on 26 March 2026 adopted the company’s financial statements and discharged the members of the Board of Directors (the Board), the CEO, and the Deputy to the CEO from liability for the financial year 2025.
Use of Profit Shown on the Balance Sheet and the Distribution of Dividend
The AGM decided that a dividend of EUR 1.83 per share, totaling 71,486,750.34 EUR shall be paid out. Dividends will be paid on 9 April 2026 or as soon as possible thereafter to each shareholder who is registered in the company 's shareholder register maintained by Euroclear Finland Ltd on the record date of dividend payment on 30 March 2026.
Remuneration and Composition of the Board
The AGM decided on the remuneration for the members of the Board for the term from the closing of the 2026 AGM to the closing of the next AGM (the Term 2026–2027) as follows:
- annual fixed remuneration of the Chair of the Board EUR 55,000;
- annual fixed remuneration of the Vice Chair of the Board EUR 35,000;
- annual fixed remuneration of the Chair of the Risk or Audit Committee EUR 40,000;
- annual fixed remuneration of a Board member EUR 30,000 and
- for each Board and committee meeting as well as for each meeting required by the authorities, for the members and Vice Chair of the Board, a fee of EUR 600 per meeting attended and for the chairs, EUR 950 per meeting attended.
The annual remuneration of the Chair of the Board and the Chairs of the Risk and Audit Committees was increased by EUR 4,000 and the annual remuneration of the Vice Chair of the Board and a Board member was increased by EUR 2,000. No amendments were made to the meeting fees.
The AGM decided to elect nine members to the Board for the Term 2026–2027 and to re-elect the following current members: Ms. Liisa Harjula, Mr. Kari Laukkanen, Mr. Juho Malmberg, Mr. Tuomo Mäkinen, Mr. Henrik Rainio, Ms. Elina Stråhlman, Ms. Leena Vainiomäki and Mr. Arto Vuojolainen. In addition, the AGM decided to elect Mr. Kimmo Mikander as a new board member.
The CEO’s Review
The President and CEO of MuniFin, Esa Kallio, reviewed the company’s development in 2025 and noted that, although uncertainties related to the geopolitical situation continued to increase, MuniFin was able to ensure that its customers could focus on their own important work without concern about the availability of financing. In particular, investments by large cities kept municipal demand for financing at a high level. In state-subsidised housing production, demand was stronger than expected, even though interest subsidy loan authorisations were cut by half a billion euros compared with the previous year. Even larger additional cuts to the authorisations are expected in the coming years.
Election and Remuneration of the Auditor
PricewaterhouseCoopers Oy was elected as the company’s auditor with Jukka Paunonen, Authorized Public Accountant, as the principal auditor. The auditor’s fees will be paid against the invoices approved by the company.
Constitutive Meeting of the Board
At its constitutive meeting, the Board appointed Kari Laukkanen as the Chair and Leena Vainiomäki as the Vice Chair of the Board. The following persons were appointed to the Remuneration Committee: Kari Laukkanen as the Chair, and Leena Vainiomäki, Kimmo Mikander and Tuomo Mäkinen as members. The following persons were appointed to the Audit Committee: Elina Stråhlman as the Chair, and Liisa Harjula, Kari Laukkanen and Henrik Rainio as members. The following persons were appointed to the Risk Committee: Leena Vainiomäki as the Chair, and Juho Malmberg, Kimmo Mikander and Arto Vuojolainen as members.
Additional information on the company’s operations in 2025 is available in the company’s Annual Report, which is available for downloading in PDF format at the company website www.munifin.fi.
MUNICIPALITY FINANCE PLC
Additional information:
Esa Kallio
President and CEO
tel. +358 50 337 7953
MuniFin (Municipality Finance Plc) is one of Finland’s largest credit institutions. The owners of the company include Finnish municipalities, the public sector pension fund Keva and the State of Finland. The Group’s balance sheet totals over EUR 55 billion.
MuniFin builds a better and more sustainable future with its customers. Our customers include municipalities, joint municipal authorities, wellbeing services counties, joint county authorities, corporate entities under the control of the above-mentioned organisations, and affordable social housing. Lending is used for environmentally and socially responsible investment targets such as public transportation, sustainable buildings, hospitals and healthcare centres, schools and day care centres, and homes for people with special needs.
MuniFin’s customers are domestic but the company operates in a completely global business environment. The company is an active Finnish bond issuer in international capital markets and the first Finnish green and social bond issuer. The funding is exclusively guaranteed by the Municipal Guarantee Board.
Read more: www.kuntarahoitus.fi/en
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