Author Posts

COVID-19 & Municipalities Financing: securing liquidity and credit tenders

COVID-19: Coping with the current health crisis demands contributions from all of us. The public sector, and thus the federal government, the federal states and the municipalities, is an essential cornerstone of financial stability. The Austrian federal government has issued an aid program of EUR 38 billion. Austria will also raise the necessary funds on […]

Kommunal – Update 2/2020 negative interest rate indicators municipalities

The Kommunal, the magazine for mayors, local politicians and administration, provides trends, practical examples as well as tips and tricks for working in the communities and is interested in our opinion on negative interest rate indicators in communities. Negative interest rate indicators continue to occupy the municipalities in Austria in the new decade and have […]

“Municipalities also need external ongoing support in the area of finance“, Bürgermeister Mag. Gerold Stagl

The free city of Rust is approx. 2,000 inhabitants a statutory city and its own administrative district in Austria. As part of our financial management, there are a variety of topics in the community as well as in our outsourced units, which led us some time ago to install a strong partner to oversee our […]

Update 01/2020 Negativzinsen by municipalities

Current situation for claims from non-compliant interest rate adjustments by municipalities Negative interest rate indicators continue to occupy the municipalities in Austria in the new decade and have generally existed since March 2015. This is reflected both on the credit side of assets and on the debit side of variable financing in the municipalities’ budgets. […]

FRC – Finance & Risk Consult GmbH and komuno GmbH start partnership

komuno – The digital platform for municipal loans now also for Austria FRC – Finance & Risk Consult GmbH and komuno GmbH start partnership Following a successful start in Germany, komuno GmbH now also offers Austrian cities, municipalities and financial institutions the opportunity to tender and submit bids for Kommunalkredit via their digital platform komuno. […]

This is what our customers say … we thank for the trust!

Marktgemeinde Altenmarkt an der Triesting, LAbg. BGM Josef Balber. As a municipality with approx. 2,200 inhabitants we have a large number of tasks for. Precisely for this reason and in compliance with the requirements of the Lower Austrian Municipal Code (“§ 69 NÖ GO 1973 – Conservation and management of municipal assets”) we have also […]

Attractive conditions for municipal financing

Currently we can report attractive conditions for municipal financing. “Blame it” is the current low-interest phase, which is indeed problematic to see, but for the public sector leads to even cheaper money. On the one hand, with regard to the topic of “negative interest rates”, we are following the development around the (non-) passing on […]

Have you already got your first analysis?

The interest rate indicators for variable-rate financing have generally reached negative levels beginning with March 2015. Unfortunately, this situation, which is generally favorable for municipalities and companies, is clouded by the fact that many of the advantages of low or negative interest rates (hereinafter “negative interest rates”) are not passed on to the municipalities. First […]

Update on negative interest rates on loans

Claims arising from non-compliant interest rate adjustment – negative interest The interest rate indicators for variable interest rate financing (such as Euribor or Libor) have generally reached negative levels beginning March 2015 (earlier in CHF terms). Unfortunately, this situation, which is generally favorable for municipalities and companies, is clouded by the fact that many of […]