6 May 2022
Governors approve NIB 2021 annual results and dividends
On 5 May, the annual meeting of the Board of Governors for NIB approved the Bank’s annual accounts for 2021 and a payment of EUR 40 million as dividends to the Nordic and Baltic member countries.
The disbursement of NIB’s long-term lending returned to a more normal level of EUR 2,440 million compared to EUR 4,853 million in 2020, when the Bank paid out a historically high amount in response to the COVID-19 crisis.
Among the highlights of 2021, is NIB’s first sustainability-linked loan with Electrolux Professional, and a second loan — fully financed from NIB Environmental Bond issuance — for the construction of laboratories and test sites for vehicle battery development and electrified transport with Swedish Electric Transport Laboratory AB.
The net profit for 2021 amounted to EUR 159 million (EUR 165 million in 2020), of which EUR 40 million will be paid as dividends to the Bank’s Nordic and Baltic member countries.
“The Nordic Investment Bank plays an important role in financing the sustainable transition of the Nordic and Baltic regions and in building a market for sustainable finance,” says Simon Kollerup, Danish Minister for Industry, Business and Financial Affairs and Chair of the Bank’s Board of Governors.
“With NIB’s new sustainability policy, we have increased our ambitions even further, not only regarding energy production, but also to play an important role in the green transition in the hard to abate sectors. This makes the bank an important asset for member countries, especially in the current situation which calls for immediate action to step up the green transition and become more independent of Russian fossil gas and oil,” Simon Kollerup says.
The Board of Governors, in which the member countries are represented at the ministerial level, appointed Annika Saarikko, Minister of Finance of Finland and the Governor for Finland, as its Chair for the period from 1 June 2022 to 31 May 2023.
NIB saw a strong first-quarter demand for its long-term financing in 2022. NIB published its first-quarter interim management statement on 28 April.
To learn more about NIB’s activities in 2021, please visit our year in brief.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
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