NIB reports solid financial results for third quarter 2025
- During Q1-Q3/2025, NIB’s new financing was EUR 2,686 million (EUR 2,442 million in the same period last year)
- New financing committed amounted to EUR 3,533 million (EUR 3,227 million)
- Net interest income was EUR 262 million (EUR 244 million) and net profit EUR 229 million (EUR 198 million)
André Küüsvek, NIB President and CEO said in his commentary: “NIB continued to deliver strong results during the first nine months of the year. The level of new financing surpassed last year’s levels reaching EUR 2.7 billion during the first nine months. Higher financing volumes had a positive impact on NIB’s core earnings, with net interest income increasing by 7% compared to the same period last year.”
NIB introduced a Sustainability-linked Loans financing Bond (SLLB) Framework during the quarter. It complements and expands its sustainability offering to support clients transition efforts while offering investors an opportunity to engage in Nordic-Baltic companies transition pathways. The framework enables NIB to issue bonds to finance a portfolio of selected sustainability-linked loans (SLLs).
Building on this, the Bank issued its inaugural SLLB later in September, and became the first supranational, sovereign and agency (SSA) issuer to launch such an instrument in the global capital markets.
To meet the demand for financing, NIB raised EUR 8.5 billion in new funding during the first nine months of the year. This included a record breaking USD 1 billion three-year global benchmark bond.
NIB Q325 Interim Management Statement
Key figures and ratios
| In millions of euro unless otherwise specified | Jan-Sep 20251 | Jan-Sep 20241 | YoY change | Jan-Dec 2024 |
|---|---|---|---|---|
| Net interest income | 262 | 244 | 7.3% | 332 |
| Profit before net loan losses | 234 | 198 | 17.9% | 259 |
| Net profit | 229 | 198 | 15.9% | 256 |
| New financing 2 | 2,686 | 2,442 | 10.0% | 4,353 |
| New financing committed 3 | 3,533 | 3,227 | 9.5% | 5,021 |
| % of loans achieving good or above mandate 4 | 97.5% | 99.9% | -2.4 | 99.9% |
| New debt issuance | 8,517 | 8,198 | 3.9% | 9,070 |
| Financing outstanding 5 | 24,267 | 22,471 | 8.0% | 23,574 |
| Total assets | 43,801 | 41,356 | 5.9% | 43,104 |
| Debts evidenced by certificates | 36,947 | 34,717 | 6.4% | 36,230 |
| Total equity | 4,688 | 4,483 | 4.6% | 4,553 |
| Equity/total assets 6 | 10.7% | 10.8% | -0.1 | 10.6% |
| Return on equity 6 | 6.7% | 6.0% | 0.7 | 5.8% |
| Cost/income 6 | 16.0% | 17.8% | -1.8 | 18.5% |
| Number of employees at period end | 272 | 253 | 7.5% | 257 |
2 Including loan disbursements and investments in lending bonds. Lending bonds are investments in labelled (green, social, sustainability and sustainability-linked), MREL (minimum requirement for own funds and eligible liabilities) and other bonds initiated by Lending organisation.
3 Including new loans signed and commitments to investments in lending bonds.
4 See report page 8 for mandate fulfilment explanation.
5 Including loans outstanding and investments in lending bonds.
6 See report page 18 for ratio definitions.
NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s.
For further information, please contact
André Küüsvek, President & CEO, at +358 10 618 001, info@nib.int
Kim Skov Jensen, Vice President & CFO, at +358 50 473 4347, kim.jensen@nib.int
Jukka Ahonen, Senior Director, Head of Communications, at +358 10 618 0295, jukka.ahonen@nib.int