Annual Report 2014

NIB in 2014:
Increased lending in sluggish investment environment

Last year was characterised by ample market liquidity, low economic growth and a lack of larger investment projects in the region. The Bank signed 45 loan agreements, totalling EUR 2,389 million, one third higher than the year before. The profit for 2014 amounted to EUR 210 million, compared to EUR 217 million in 2013. “Our results indicate that the demand for long-term financing, if muted, persisted among NIB’s customers”, says Henrik Normann, NIB President & CEO.

  Annual Report 2014  

Annual Report 2014
available online

The Annual Report is now available online, for download as PDF and in print. The package includes an activity report and an audited financial report that present the detailed account on NIB's performance during the year. To download a PDF or order a printed copy of the report, please visit Financial reports.

  Board of Directors  

Board reviews strategy: More flexibility in lending

NIB has concluded the strategy review which it initiated a year ago. The present business model will remain the foundation of NIB’s operations. Lending activities will be broadened in order to have flexibility and to stay relevant for the Nordic and Baltic countries.



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NIB lending in one minute

Watch a new video featuring the Bank's managers answering the question how NIB improves competitiveness and the environment of the Nordic and Baltic countries. Check the loan requirements and eligibility criteria on our website. Do you have a good project and are looking for long-term financing? Talk to us!





Latvian Railway opens second track on east–west link

Latvia’s state railway operator has opened a second track on the Skriveri–Krustpils section of a railway corridor linking the countries seaports to Russia and Belarus. “The modernisation is an important step in the development of Latvia’s railway infrastructure”, says Ugis Magonis, President of Latvian Railway.



Optia: Demand for loan programmes surprisingly high

The head of Finnish Säästöpankki Optia, Kalevi Hilli, is sure that the demand for SME financing is strong. "Most SMEs are willing to increase their production capacity, and a NIB loan with its long maturity enables these well-planned investments”, says Mr Hilli. Optia operates a NIB-financed EUR 20 million loan facility targeting SME investments and environmental projects in Finland.





Funding highlights

Monthly updated coverage of NIB's funding operations: funding targets, reports on transactions and graphs.

See also:

Funding highlights 2014





Growth opportunities in Arctic Scandinavia?

The prime ministers of Sweden, Norway and Finland set up an expert group to identify what would stimulate economic growth in the northern area of the three countries. Read more in a column by Anne Husebekk, Rector of Norway's Arctic University.


Agreed Loans

13 Feb 2015 Nokianvirran Energia Oy EUR 22 million Finland




Annual Report 2014

The complete account of NIB's operations and financial results for 2014 in the Annual Report, an activity report in articles, tables and graphs in the brochure Annual Review, as well as the Financial Report are available for download as PDF.

Annual Report (8.5 MB)

Annual Review (7.9 MB)

Financial Report (0.8 MB)


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