NIB staff members working on the interim report: Michael Ryan, Christopher Mikander and Stina Sankila.
26 Apr 2019
NIB publishes first quarter 2019 interim management statement
On 26 April 2019, NIB published its first quarter unaudited interim management statement.
During the three-month period ending 31 March 2019, a total of EUR 605 million in new loans were agreed and EUR 547 million were disbursed. As anticipated, the disbursements in the first quarter of the year were lower than the historically high level of 2018. The net profit for the period amounted to EUR 54 million, up from EUR 49 million for the corresponding period in 2018.
In January, NIB traded its first Nordic–Baltic Blue Bond. The five-year SEK 2 billion bond was launched under the NIB Environmental Bond Framework and will focus on investments within water resource management and protection.
NIB’s Interim Management Statement January-March 2019 (unaudited)
Key figures and ratios
(in EUR million unless otherwise specified) | Jan-Mar 2019* | Jan-Mar 2018* | Jan-Dec 2018 |
Net interest income | 54 | 56 | 223 |
Profit before net loan losses | 51 | 49 | 167 |
Net profit | 54 | 49 | 173 |
Loans disbursed | 547 | 996 | 4,047 |
Loans agreed | 605 | 1,063 | 4,330 |
Mandate fulfilment | 100% | 85% | 91% |
Loans outstanding | 18,750 | 17,632 | 19,065 |
Total assets | 31,235 | 29,586 | 31,710 |
New debt issues | 1,416 | 3,378 | 6,620 |
Debts evidenced by certificates | 25,240 | 23,588 | 25,651 |
Total equity | 3,635 | 3,502 | 3,578 |
Equity/total assets | 11.6% | 11.8% | 11.3% |
Profit/average equity | 6.0% | 5.6% | 4.9% |
Cost/income | 17.4% | 17.5% | 20.6% |
Number of employees (average during the period) | 198 | 194 | 197 |
* Unaudited figures, to be read in conjunction with NIB’s 2018 audited financial statements.