Espoo: The metro is not just a line

In November, Finland’s metropolitan region received its West Metro, the extension of the Helsinki subway line into Espoo, the capital’s most populous satellite city. NIB has committed a total of EUR 270 million to financing the project. For Espoo, home to 270,000 people, the metro means a change.

Not only will it help to cut carbon dioxide emissions by some 40% in the southwestern public transport corridor of the metropolitan region, it will change the look of the city and even affect its school education system.  The metro has already become a magnet for private investment: shopping centres, skyscraper residential areas, to mention just a few.

It’s not just a transport line. Espoo will become more urban. People and businesses are excited about the new metro, says Olli Isotalo, Vice-Mayor of Espoo and Board Chairman of the metro building company Länsimetro.



Visitors boost economic recovery in Iceland

With NIB funding, the capacity expansion of terminals has helped Iceland's Keflavik Airport deal with the growing number of visitors. Tourism contributes to the country's economic recovery and creates jobs, says Björn Óli Hauksson, CEO of Isavia, in an interview with NIB Newsletter.



NIB Story in One Minute

Watch NIB story animation

We have visualised the NIB story. In a shape of a road, it begins with the external challenges that create the needs for our business. Follow the road that leads to the prosperous and sustainable future in our region. Hit the button to see the animated NIB story!

Sustainable financing


Download a new publication on sustainable financing

The brochure "Sustainable financing" explains the role of NIB as a mission-driven financial institution in creating a prosperous and sustainable Nordic-Baltic region and what benefits NIB may offer to its borrowers as well as investors.

More publications here



Renovated school in Porvoo

Porvoo children enjoy improved school facilities

With an impressive investment programme of EUR 100 million, Finland’s second-oldest city of Porvoo is upgrading its school centres, and literally investing in its future. Lyceiparken is one of the schools included in the city’s investment programme. After an extensive renovation the school's 315 students and 45 teachers are back in the premises. The students say the best about the renovation is the improved air quality.

“We got more students in recent years, whereas our air conditioning and ventilation were designed for smaller numbers. Having the air circulation in order is of course the most important thing for us”, says a Porvoo school teacher.



Active planning for passive houses in Knivsta

A small municipality of Knivsta, just a few minutes away from Arlanda international airport, has recently been named Sweden's fastest growing town. The Knivstans, with an average age of 37, are very much keen on energy-efficient urban development, "with a focus on preserving open space and the environment”, says Simon Granit, CFO of the municipal real estate agency.

Patrik Marckert


Financing energy efficiency: the forgotten fuel

Energy efficiency is an often overlooked way of saving costs. NIB is looking into untapped potential for reducing energy intensity in the Nordic–Baltic industries. Read more in a column by Patrik Marckert, Senior Manager Origination at NIB.



COP23 debate

NIB at COP23: Customers see opportunities in green financing

During a Nordic Finance Day at the UN Climate Summit COP23 in Bonn in mid-November, NIB hosted a panel discussion on the ways of financing green transition. NIB’s panel hosted four participants (from the left): Thomas Wrangdahl, First Vice-President and Head of Lending at NIB; Doris Kramer, Vice-President of Investment Strategies and Sustainability at KfW and member of the Executive Committee of the Green Bond Principles; Esko Kivisaari, Deputy Managing Director of Finance Finland; Kristina Alnes, Senior Advisor, CICERO. The discussion was moderated by Jukka Ahonen, Head of Communications at NIB (on the right).

“We see that some customers increasingly care about green financing, while others remain sceptical, saying the colour of money is always the same. However, more and more start seeing opportunities in green financing during the lending process with us”, said Thomas Wrangdahl of NIB during the debate.

Kristina Alnes


Climate change pushes up financial risks

“Physical impacts originally anticipated over a much longer time are being observed across the globe today. This translates into financial risk and the leading financiers understand that”, says Kristina Alnes of CICERO, an Oslo-based hub for international climate research.

Nordic Action on Climate Change


Nordic action on climate change: towards carbon-neutral economy

Along with the EU, the Nordic countries aim to reduce their CO2 emissions at least 40% by 2030. Each country has also mapped out longer-term policies designed to work towards a shared Nordic vision for the decarbonisation of energy systems. Nordic national targets are likely to remain among the most ambitious of all the EU countries.



Funding Highlights


Funding highlights

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

See also:

Funding transactions


Agreed Loans

23 Nov 2017 Landsnet hf. EUR 43 million Iceland
22 Nov 2017 Sparebanken Øst  EUR 32 million Norway 
16 Nov 2017 Glitre Energi AS  EUR 41 million Norway
9 Nov 2017 Deutsche Leasing Sverige AB  EUR 12 million Sweden
27 Oct 2017 Kainuun sosiaali- ja terveydenhuollon kuntayhtymä  EUR 76 million Finland
24 Oct 2017 Siun Sote Kuntayhtymä  EUR 23 million Finland
20 Oct 2017 Sparebank 1 SR-Bank ASA  EUR 120 million Norway
16 Oct 2017 Nord-Trøndelag Elektrisitetsverk Holding AS  EUR 36 million Norway
13 Oct 2017 Sparebank 1 Østlandet  EUR 80 million Norway
12 Oct 2017 Municipality of Kungälv EUR 10 million Sweden

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