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.
On 11 May, NIB increased the NIB Environmental Bond 2024 by EUR 500 million to EUR 1 billion to support lending to selected environmental projects.
A new loan programme will finance environmental improvements and projects in selected sectors of the Chinese economy.
A loan to the Swedish property developer Vasakronan AB will finance the renovation and construction of green buildings in Stockholm and Gothenburg.
A loan to the municipality of Varberg will help centralise and improve wastewater treatment in the region.
A new loan to Klaipedos Nafta AB will finance building an LNG reloading station and extending an oil terminal in Lithuania to further boost the security of energy supply to the Baltic countries.
A loan to the Swedish property developer Akademiska Hus AB will co-fund the construction of four university facilities across Sweden.
A loan to the Swedish medical equipment solutions provider Elekta AB will finance R&D costs for the development of new cancer treatment solutions.
A 25-year loan is earmarked for refurbishing and expanding the capacity of the Nenäinniemi wastewater treatment plant in central Finland.
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.