Photo: Pamela Schönberg
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.
The Board of Governors approved NIB’s annual accounts for 2016. The Bank recorded a profit of EUR 212 million. EUR 55 million will be made available as dividends to the member countries.
The Bank signed 58 loan agreements and invested in eight green bonds with a combined value of EUR 4,363 million. The Bank increased the financing of investments with positive environmental impacts in the Nordic and Baltic countries, and continued implementing its strategic initiatives of broadening its focus on SMEs and mid-sized corporates, and reaching out to projects in the Arctic area.
“NIB aims to move our region forward through long-term financing. In 2016, this regional funding machine worked very efficiently. NIB’s profit shows an ability to combine impact financing with sound banking principles”, says Siv Jensen, Norway’s Minister of Finance and Chair of the Bank’s Board of Governors.
The Board of Governors, in which the member countries are represented at the ministerial level, appointed Magdalena Andersson, Minister of Finance of Sweden and the Governor for Sweden, as its Chair for the period from 1 June 2017 to 31 May 2018.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
For further information, please contact
Mr Jukka Ahonen, Senior Director, Head of Communications, at +358 10 618 0295,
A seven-year maturity loan agreement to finance Husqvarna AB's R&D investments 2017–2019.
5 Jan 2018
The Bank's five-year NZD 400 million transaction has become inaugural in the New Zealand bond market this year.
5 Jan 2018
In accordance with its Sustainability Policy and Guidelines, NIB publishes information on the construction and upgrade of National Road 3/25 in Hedmark, Norway. The information is available for 30 days starting from 22 December 2017.
22 Dec 2017
Husqvarna AB (Sweden) (29 Dec 2017)
Swedavia AB (Sweden) (21 Dec 2017)
In 2016, NIB increased its new lending to EUR 4.4 billion. While corporate investment remained subdued, the demand for long-term loans saw strong growth, particularly in the public sector.
15 Mar 2017