|
In 2016, the Bank increased its lending volume to EUR 4.4 billion and showed a stable amount of net profit, at EUR 212 million. While corporate investment activity remained subdued, the demand for long-term loans saw strong growth, in particular from the public sector. The amount of environmental loans grew by 50% compared to the previous year. Based on last year’s financial results, the Bank’s Board of Directors is proposing to pay out EUR 55 million in dividends to the member countries.
“NIB’s volume of loans agreed grew markedly. Financing long-term investments in public infrastructure was one of the principal drivers of this development. We also continued implementing new strategy initiatives, such as increased lending to SMEs and mid-sized corporates and the launch of the Arctic Financing Facility. The investments financed in 2016 will have long-term impacts on the environment and the growth potential in the whole Nordic–Baltic region”, says Henrik Normann, NIB President & CEO. |
