NIB Governors: Bank to resume dividend payments after strong results

At its annual meeting on Tuesday in Vilnius, Lithuania, the Board of Governors of NIB decided to resume dividend payments to the Bank’s Nordic and Baltic member countries. The total dividend for the year 2012 amounts to EUR 52 million.

“The decision to resume dividend payments was welcomed by the Bank’s member countries. It signals NIB’s financial strength in the uncertain economic and financial environment,” says Mr Rimantas Šadžius, Minister of Finance of Lithuania, who chaired the meeting.

At the meeting, the Board of Governors approved NIB’s annual accounts for 2012. The Bank recorded a profit of EUR 209 million, compared with EUR 194 million in 2011.

“The result provides a good platform to continue to fulfil NIB’s main goal, which is to finance projects that strengthen the competitiveness of the Nordic and Baltic countries and improve the environment,” Mr Šadžius continued.

In 2012, the Bank signed 42 loan agreements for a total of EUR 2,366 million. The disbursement of loans rose to EUR 2,355 million from EUR 1,946 million in 2011. The compliance of the new loans with the requirements of the Bank’s mandate—in terms of high impact on competitiveness and the environment—was close to 100%. Loans were provided for projects within the sectors of power generation and supply, renewable energy, sustainable transport infrastructure, research and development and other sectors.

The Board of Governors, in which the member countries are represented at the ministerial level, appointed the Governor for Denmark as its Chairman for the period from 1 June 2013 to 31 May 2014.

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.

For further information, please contact

Mr Henrik Normann, NIB President and CEO, at +358 10 618 001,

Mr Jukka Ahonen, Director, Head of Communications, at +358 10 618 0295,