NIB Nordic Investment Bank

Comments on financial figures

Comments on financial figures

NIB's financial figures January–August 2017

The purpose of the Nordic Investment Bank is to finance projects that improve the competitiveness and environment of the Nordic and Baltic countries. Demand for long term financing from NIB has been good, and a total of EUR 1,813 million in loans has been disbursed (January–August 2016: EUR 1,946 million).

The main driver for the continuing strong demand for long-term financing is the need to update public infrastructure in the member countries. Proceeds have been used for upgrading and replacing infrastructure in the areas of water supply and wastewater treatment, energy generation and distribution, as well as public transportation and road infrastructure. NIB also experienced continued demand from the private sector for long-term financing, with loans disbursed to financial intermediates for on-lending to SMEs and to large member country corporates for investments in R&D.

NIB asseses all projects it finances and scores them on their competitiveness and environmental impact in the Nordic–Baltic countries. Only projects that contribute sufficiently strongly to NIB’s mandate fulfilment qualify for loan approval. Well above 90% of all projects financed this year have been assessed to have a significant positive impact on the competitiveness and/or environment of the region.

The profit for the period amounted to EUR 160 million, up from EUR 145 million in the same period a year ago.

During the first eight months, the Bank carried out 44 new funding transactions and raised EUR 4 billion (Jan–Aug 2016: EUR 4.5 billion). The bank expects to fund between EUR 4.5 billion and EUR 5.5 billion for the full year.

Given the good loan pipeline, the flows of deals and new disbursements are expected to continue at the same pace for the rest of the year.

Henrik Normann
President & CEO

Links

Interim management statement January–August 2017 (unaudited)
Financial reports

  • AR2016

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In the first eight months of the year, NIB experienced good demand for long-term financing from the municipal sector in the Bank’s member countries. NIB publishes the Interim Management Statement for Jan-Aug 2017.

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NIB in January–April 2017: Stable demand from municipal sector

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13 Jun 2017

NIB’s Governors approve 2016 annual results

At its annual meeting, the Nordic Investment Bank’s Board of Governors approved the Bank’s annual accounts for 2016 and the payment of EUR 55 million as dividends to the member countries.

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