NIB Interim Financial Report Jan - Jun 2022
During the first half of 2022, NIB has seen a significant increase in demand for its financing. The Bank agreed a total of EUR 2,203 million in new loans and disbursed EUR 2,142 million, compared to EUR 664 million and EUR 1,266 million respectively in the same period in 2021.
To meet the demand for financing, NIB had a record amount of funding transactions. The Bank raised EUR 5.5 billion in new funding in the first six months of the year.
The net profit for the period amounted to EUR 39 million, compared to EUR 82 million in 2021. The decrease in net profit is mainly due to unrealised fair value losses on financial instruments used for hedging purposes.
The Bank’s triple-A rating was reaffirmed by Standard & Poor’s and Moody’s in April.
NIB Interim Management Statement Jan - Mar 2022
During January to March, NIB saw a strong demand for its long-term financing. The Bank agreed EUR 1,222 million in new loans (EUR 257 million in the corresponding period in 2021) and disbursed EUR 1,107 million to its clients (EUR 725 million in the same period one year ago).
In the first quarter of 2022, NIB raised EUR 4.2 billion in new funding. Amongst other transactions, the Bank issued its first DKK denominated NIB Environmental Bond (NEB) as well as a three-year USD 1.25 million benchmark bond.
The net profit for the period amounted to EUR 21 million. NIB remains in a strong financial position and stands ready to work with its clients and member countries in these challenging times invoked by the Russian aggression in Ukraine.
NIB Impact Report 2021
In 2021, NIB marked 45 years of operations. The anniversary coincided with the appointments of the Bank’s new President & CEO André Küüsvek as well as new CFO Kim Skov Jensen.
After record lending volumes due to COVID-19 response in the previous year, 2021 remained busy: NIB launched its new Sustainability Policy as well as Responsible Investment Framework, expanded its lending bond investments and started offering sustainability-linked loans to its clients. At the end of the year, NIB’s Board of Directors reviewed the Bank’s strategy to further accelerate the delivery of NIB’s mission.
Download NIB Impact Report 2021 to learn about our updated strategy and future focus, lending and funding activities, internal operations management and more.
The Report follows sustainability reporting practices according to Global Reporting Initiative, the Principles for Responsible Banking, and the Task Force on Climate-related Financial Disclosures. It also includes the first assessment of the estimated alignment of our NIB Environmental Bonds (NEB) project categories with the EU taxonomy.
Key highlights 2021
Business strategy review completed
Sustainability policy updated
Sustainability-linked loans launched
EU Taxonomy alignment for NEB categories
NIB since 1976
NIB Financial Report 2021
Last year, NIB’s lending volumes returned to its normal level after the record year in 2020, when the Bank paid out a historically high amount in response to the COVID-19 pandemic.
In 2021, NIB disbursed a total of EUR 2,440 million, of which EUR 340 million was paid out as Response Loans. 97% of the mandate-rated disbursements were assessed to have a “good” or “excellent” impact on productivity and/or the environment.
NIB raised new funding in nominal value of EUR 6.9 billion through 71 transactions. The Bank marked its 10th anniversary in the sustainable bond market and issued three NIB Environmental Bonds in an amount of EUR 898 million.
The net profit for the year amounted to EUR 159 million. The Bank did not record any realised loan losses.
NIB’s Board of Directors is proposing to distribute EUR 40 million in dividends to the Bank’s Nordic and Baltic member countries.
Key highlights 2021
EUR 2,440 million in loans disbursed
New funding in nominal value of EUR 6.9 billion
97% mandate fulfillment
EUR 40 million proposed in dividends
Loans disbursed in 2021, by economic category
%, based on disbursed and mandate-rated loans, excluding labelled bond investments
Mr Jens Hellerup
Head of Funding & Investor Relations
+358 10 618 0340
Mr Luca De Lorenzo
Head of Sustainability & Mandate
+358 10 618 0297
Mr Jukka Ahonen
Head of Communications
+358 10 618 0295