NIB

Newsletter August 2019

   

NIB RESULTS JANUARY - JUNE 2019

Still strong demand for NIB's long-term financing

"Demand for long-term financing from NIB is still strong. The disbursements in the first half of the year were as anticipated lower than the historically high level of 2018. During the six-month period ended 30 June 2019, a total of EUR 1.3 billion in new loans were agreed and EUR 1.5 billion were disbursed. The credit quality of the loan portfolio improved during the period resulting in a reduction in loan loss provisions," says Henrik Normann, President & CEO of NIB.

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NORDIC FINANCE COOPERATION

NDF’s new Managing Director says to crystalize competitive edge

“Being a small player, you cannot be all over the place, so you have to determine what will be your niche in this area of development finance,” says Karin Isaksson, Managing Director of the Nordic Development Fund (NDF) since 15 August.

“Focus is one of the things that we need to determine together with the team and the owners. We have to discuss whether it should be somewhat narrower than it has been in the past, and in that sense crystalize what is the competitive edge of an institution as the NDF.”

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OPINIONS

Persistence needed in Baltic Sea protection

"The collaboration between the 14 states in the catchment area of the Baltic Sea has produced good results and made a difference, not only for the sea itself, but also for the people and businesses around it," says Annamari Arrakoski-Engardt, Secretary General of John Nurminen Foundation.

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EVENTS

NIB at SuomiAreena 2019

“Our cooperation and actions for reducing the eutrophication of the Baltic Sea can serve as a textbook on how to turn around negative environmental development”, said Henrik Normann, President & CEO of NIB, in a debate at Finland's political summer festival SuomiAreena in Pori.

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FUNDING NEWS

Funding Highlights

Funding highlights

Monthly updated coverage of NIB's funding operations

See also:

Funding transactions

NIB EMPLOYEE VOICES

Svetlana Bryazgina, Risk Analyst

"I really enjoy being part of the dynamic risk management unit. We are actually in the middle of everything, supporting NIB’s business model, strategic goals and mission. I am also fortunate to be surrounded by top risk professionals, sharing knowledge and experience with them on a continuous basis."

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JOB OPENINGS

15 Sep 2019 Head of Capital and Portfolio Credit Risk Risk Management Unit NIB
6 Sep 2019 Lead Data Officer IT Unit NIB
6 Sep 2019 Associate Project Manager IT Unit NIB

AGREED LOANS

6 Aug 2019 Maxima LT, UAB EUR 52 million Lithuania
8 Jul 2019 Fastighets AB ML 4 EUR 28.29 million Sweden
5 Jul 2019 Vacse AB EUR 37.9 million Sweden
27 Jun 2019 Municipal Guarantee Board EUR 200 million Finland
26 Jun 2019 Lapin sairaanhoitopiirin kuntayhtymä EUR 69 million Finland
11 Jun 2019 Svenska Cellulosa Aktiebolaget SCA EUR 96.37 million Sweden
6 Jun 2019 Norrvatten EUR 47 million Sweden
31 May 2019 Kalaallit Airports International A/S EUR 63.3 million Greenland
26 Apr 2019 Kommunfastigheter i Laholm AB EUR 13.2 million Sweden

CALENDAR

 3 Oct 2019 Board of Directors meeting  Venue to be confirmed
31 Oct 2019 NIB 3Q 2019 interim management statement  Helsinki
 15 Nov 2019  Board of Directors meeting  Helsinki
 11 Dec 2019  Board of Directors meeting  Helsinki
NIB
 
 

HQ: Fabianinkatu 34,
P.O. Box 249,
FI-00171 Helsinki,
Finland

info@nib.int

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