31 Mar 2023
Governors approve NIB 2022 annual results and dividend
On 31 March, the annual meeting of the Board of Governors of NIB approved the Bank’s annual accounts for 2022 and a payment of EUR 25 million as dividends to the Nordic and Baltic member countries.
In 2022, NIB disbursed EUR 3.7 billion in lending, up from 2.4 billion in the previous year. The significant increase in demand was driven by a lower supply of long-term credit in the commercial bank and bond markets, the accelerated green transition and NIB’s wider sustainable finance offering. The net profit for 2022 amounted to EUR 139 million, compared to EUR 159 million in 2021, of which EUR 25 million will be paid as dividends to the Bank’s Nordic and Baltic member countries.
During 2022, disbursements to energy generation (10% of total disbursed loans), transmission and distribution were the largest (16%, similarly) in terms of sectoral composition. Energy investments were mainly driven by decarbonisation strategies and climate targets, with security of supply becoming an additional driver in 2022.
“NIB’s revised strategy effectively addresses environmental and productivity objectives, while maintaining the triple-A credit rating. International financial institutions like NIB play a crucial role in addressing global challenges such as climate change by mobilising resources, facilitating sustainable investments and supporting green economy transitions,” says Annika Saarikko, Minister of Finance of Finland and Chair of the Bank’s Board of Governors.
The Board of Governors, in which the member countries are represented at the ministerial level, appointed Annely Akkermann, Minister of Finance of Estonia and the Governor for Estonia, as its Chair for the period from 1 June 2023 to 31 May 2024.
“NIB’s dividend payments reflect its financial strength, value creation for owner countries, commitment to responsible fiscal management and efficient resource use,” says Saarikko.
For 2022, NIB published one combined report covering our activities, impact, sustainability, and financial reporting. Read the NIB Annual Report 2022 here.
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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