BUSINESS IN FOCUS

City of Oulu
 

Oulu: SMEs drivers for future growth

Northern Finland’s most populous city, Oulu, is currently facing enormous challenges. The global technology companies operating in the area have drastically reduced workforce or even closed down production units. Should the region be flourishing one day again, the local small and medium-sized enterprises (SMEs) will be the driving force of the new era. “We need a swift change from a few big players towards a greater diversity of businesses in terms of both sizes and sectors,” says Oulu’s Mayor Matti Pennanen.

 

FINANCIAL RESULTS

 
Financial report

 

January-August 2014: Solid profit, stable loan demand

A slight decrease in the Bank's profit reflects the pressure of margin on NIB's net interest income, writes Henrik Normann, NIB President & CEO in his comments to the 8-month results.

Download financial results Jan-Aug 2014 (183 kB)

     
         

FUNDING NEWS

 
Jens Hellerup

 

Head of funding: Market welcomes our USD 500m environmental bond

On 23 September, NIB successfully issued its inaugural USD benchmark Environmental Bonds. The issue was very well received by investors and is supporting NIB’s environmental mandate and is promoting sustainable growth in NIB’s member countries.

     
Funding highlights

 

Funding highlights

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

See also:

Funding transactions

     
         

INTERVIEWS AND OPINIONS

 
Dagfinn Høybråten

 

Green growth initiative creates competitive advantage

Launched by the Nordic prime ministers in 2011, the green growth initiative aims at promoting sustainable solutions to problems our societies are facing. ‘Working together on the growth initiative could benefit a number of sectors in the Nordic countries”, says Dagfinn Høybråten, Secretary General of the Nordic Council of Ministers.

     
Hot spots in Russia

 

HELCOM reports substantial progress on hot spots in Russia

A new report released by The Baltic Marine Environment Protection Commission HELCOM on the Baltic Sea environmental hot spots in Russia suggests that substantial improvement has been achieved on four of the twelve major sources of pollution. HELCOM has also released new recommendations to help decrease persisting discharges.

     
         
 

Agreed Loans

24 Sep 2014  VAS Latvijas Dzelzcels  EUR 17 million  Latvia
22 Sep 2014 Energiselskapet Buskerud AS EUR 42 million Norway
10 Sep 2014 P/F BankNordik EUR 40 million Faroe Islands/ Denmark
 
         

PUBLICATIONS

 
NIB Magazine

 

NIB Magazine 2014-2015 for distribution in November

The NIB Magazine 2014-2015 will be printed and distributed to its subscribers in mid-November.

     
   

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