NIB delivers solid first quarter financial results
During the first three months of 2025, the Nordic Investment Bank (NIB) disbursed new lending amounting to EUR 0.5 billion (EUR 0.6 billion in 2024). The lending was distributed across various sectors and countries.
NIB’s core earnings, represented by the net interest income, increased by 3.2% to EUR 85 million compared with EUR 82 million in the first quarter of 2024. Net profit decreased by 14.4% from EUR 82 million to EUR 70 million, compared to the same period last year.
NIB’s President and CEO, André Küüsvek said: “Despite the turbulence in financial markets driven by political tensions, this was a solid quarter for NIB. Our long-term financing continues to strengthen our region’s resilience with loans ranging from energy security to digital infrastructure, all supporting our clients’ ambitions and contributing to a prosperous and safe Nordic-Baltic region.”
To meet the demand for the Bank’s financing, a total of EUR 3.1 billion was raised in new funding during the first quarter of the year. NIB surpassed EUR 10 billion in total green bond issuance as NIB launched a new EUR 750 million NIB environmental bond. The Bank also returned to the ISK bond market after 16 years, as NIB launched a seven-year, 8.5 billion Icelandic krona inflation-linked NIB environmental bond.
On 25 March, the Board of Governors of NIB approved the Bank’s audited financial statements for 2024 and a dividend payment of EUR 76 million to the Nordic and Baltic member countries.
The year 2025 marks 20 years of Baltic membership at NIB. NIB’s Board of Directors and stakeholders gather in Vilnius, Lithuania on 6 May to mark the event and to and to discuss the actions required to further strengthen regional resilience and security amidst the current geopolitical, economic and environmental challenges.
NIB Q1 2025 Interim Management Statement
Key figures and ratios
| In millions of euro, unless otherwise specified | Jan-Mar 2025* | Jan-Mar 2024* | YoY change | Jan-Dec 2024 |
|---|---|---|---|---|
| Net interest income | 85 | 82 | 3.2% | 332 |
| Profit before net loan losses | 69 | 88 | -21.4% | 259 |
| Net profit | 70 | 82 | -14.4% | 256 |
| New lending disbursed | 458 | 643 | -28.7% | 4,353 |
| New lending signed | 606 | 954 | -36.4% | 5,021 |
| % of loans achieving good or above mandate ** | 97.1% | 100.0% | -2.9 | 99.9% |
| New debt issuance | 3,144 | 4,046 | -22.3% | 9,121 |
| Lending outstanding | 23,736 | 21,750 | 9.1% | 23,433 |
| Total assets | 44,924 | 41,925 | 7.2% | 43,104 |
| Debts evidenced by certificates | 37,614 | 34,334 | 9.6% | 35,836 |
| Total equity | 4,538 | 4,366 | 3.9% | 4,553 |
| Equity/total assets *** | 10.1% | 10.4% | -0.3 | 10.6% |
| Return on equity *** | 6.2% | 7.5% | -1.3 | 5.8% |
| Cost/income *** | 17.7% | 14.3% | 3.4 | 18.5% |
| Number of employees at period end | 259 | 249 | 4.0% | 257 |
* Unaudited figures
** See page 8 of the interim management statement for mandate fulfilment explanation
*** See page 26 of the interim management statement for ratio definitions
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 S&P Global Ratings and Moody’s.
For further information, please contact
André Küüsvek, President & CEO, at +358 10 618 001, info@nib.int
Kim Skov Jensen, Vice President & CFO, at +358 50 473 4347, kim.jensen@nib.int
Jukka Ahonen, Senior Director, Head of Communications, at +358 10 618 0295, jukka.ahonen@nib.int