CLEANING THE BALTIC SEA

NWTP relaunch
 

NIB-financed wastewater treatment plant opens in St Petersburg, Russia

On 10 October, the city of Saint Petersburg, Russia, opened its upgraded Northern Wastewater Treatment Plant as part of a large investment programme aimed at improving the environmental status of the Baltic Sea. The effort has been co-financed by a group of international donors and financial institutions, including NIB.

“This proves the efficiency of international cooperation that has involved Russia, Finland, Sweden, the EU, the Northern Dimension Environmental Partnership, as well as international financial institutions”, said Thomas Wrangdahl, NIB's First Vice-President, at the opening ceremony in St Petersburg.

 

 
Column authors

 

Gulf of Finland in recovery as St Petersburg reduces nutrient loads

Russia has dramatically reduced its nitrogen and phosphorus emissions to the Gulf of Finland through improved wastewater treatment in St Petersburg. As a result of reduced nutrient loads, there are signs of recovery from eutrophication in easternmost areas. Read a column by Michelle McCrackin of the Baltic Eye research centre and Bo Gustafsson of the Baltic Nest Institute.

     
         

BUSINESS IN FOCUS

 
Interim Report

 

NIB in Jan–Aug 2017: Steady demand for long-term financing

In the first eight months of the year, the flow of lending continued at a high level. The Bank experienced good demand for long-term financing from the municipal sector and large corporates in the Bank’s member countries. The financial results for the period are now available on the website:

Key figures

Download NIB's Interim Management Statement (PDF)

     
         

FUNDING NEWS

 
NEB investors

 

NIB's green investors visit projects they finance

The Bank's Funding team invited investors to visit projects that they have financed by buying NIB's Environmental Bonds. The most recent visit was to Fortum Värme's combined heat and power plant in Stockholm and Vasakronan's LEED-certified green office building in Uppsala.

     
Funding Highlights

 

Funding highlights

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

See also:

Funding transactions

     
         

EVENTS

 
Transition seminar
 

NIB President: Trust a foundation of a well-functioning economy

On 2 October, NIB President Henrik Normann participated in a seminar on economic transition arranged by the Bank of Finland and the Finnish Ministry of Finance. In his comment on the keynote speeched, Mr Normann emphasised the role of transparency and trust as key to maintain competitiveness and sustain economic growth in NIB’s member countries.

 
NIB BOD visits Max Lab and ESS
 

NIB's Board members visit MAX IV Lab and European Spallation Source in Sweden

The Bank's Board of Directors and Executive Committee visited research facilities MAX IV Laboratory and European Spallation Source ERIC, both based in Lund, Sweden, and financed with loans from NIB.

Click here for more information:
MAX IV Lab: A dream building for unique X-ray research
European Spallation Source: Bridging the innovation gap

 
 

Agreed Loans

9 Sep 2017  North Estonia Medical Centre Foundation  EUR 25 million Estonia 
29 Sep 2017 City of Porvoo EUR 50 million Finland 
26 Sep 2017 Sparebanken Sør  EUR 81 million Norway 
21 Sep 2017 Municipality of Kristianstad  EUR 52 million Sweden 
18 Sep 2017 Municipality of Knivsta EUR 37 million Sweden 
15 Sep 2017 Ringkjøbing Landbobank A/S  EUR 27 million Denmark 
31 Aug 2017 City of Stockholm EUR 158 million Sweden 
 
         

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