MuniFin has managed to maintain profitability despite the challenging operating environment. Growth has continued at a satisfactory, controlled rate, and operating profit for the first six months of the year 2010 is EUR 31 million, compared to the full-year operating profit of EUR 34 million in 2009.
Demand for lending remained at the same level compared to the previous year. The lending portfolio grew 11% during the first half of the year.
MuniFin has done extremely well in tightening competition: the long-term loan portfolio totalled EUR 6.2 billion at the end of June, the corresponding figure a year earlier being EUR 5.4 billion.
The loan portfolio has increased by 6.8% from the end of last year and 14.7% from the end of June 2007.
