Local loan shines with record numbers: 2.28 billion euros in new business!

Local loan shines with record numbers: 2.28 billion euros in new business!

The municipal loan Austria AG experiences a remarkable upswing in 2024, which is characterized by an impressive new business volume of 2.280 million euros, an increase of a whopping 26% compared to 2023, where it was still 1.813 million euros. This was made possible by the expertise in the areas of infrastructure and energy finance as well as public finance and through the strategic steps of interim CEO Sebastian Firlinger, who emphasized that the bank had expanded strongly in a time of global economic stagnation. These results were published in the official press release on February 28, 2025, such as ots.at

strong focus areas and positive reviews

In particular, 35% of the transactions completed are on the energy and environment sector, which underlines increasing demand for sustainability and renewable energies. Not only the business runs round, but also the ratings by rating agencies reflect the stability of the local loan. The investment grade ratings from S&P Global and Fitch were increased on "BBB" or "BBB-", which confirms the positive outlook. This shows that the resilient business model and the bank's capital strength are highly valued in the eyes of the investors and markets, as also confirms the analysis in the annual report, which was also published on February 28th, such as Kommunalkredit.at

The bank has successfully refinanced capital in the capital market of over one billion euros, which underlines it as a regular issuer. Equity increased to 767 million euros thanks to a capital subsidy of 100 million euros from the new majority owner. The period after taxes remains at a high level at 96.3 million euros, which indicates solid planning and a fixed foundation for further growth.