Own capital management deals with the management of NIB's paid-in capital and accumulated reserves. Own capital is invested in liquid euro-denominated fixed-coupon debt securities from the OECD countries, typically government bonds, agency bonds, and covered bonds, and is aimed at only being exposed to interest rate risk.
Own capital management contributes to the Bank's profitability by providing a long-term stable return. The own capital management is separated into a portfolio with security investments on a held-to maturity basis, the Own capital portfolio, and actively managed portfolios on a mark-to-market basis.
The actively managed portfolios contribute to NIB's results through an active yield curve and duration management strategies, using fixed income derivatives, as well as security investments. The portfolio that is managed actively within NIB is the Rate portfolio, and similar portfolios are managed externally by three external managers.
NIB has issued its fourth increase, AUD 100 million, to its 10-year Kangaroo issue due 19 April 2022.
15 May 2013
In 2012, the NIB saw further growth of its lending activities. This reflects the continued need for long-term financing in the Nordic-Baltic region. The annual profit of EUR 209 million builds a solid platform for supporting major investment projects.
12 Mar 2013
NIB has priced and launched a new fixed-rate AUD 400 million Kangaroo bond.
25 Feb 2013