NIB staff members working on the interim report: Michael Ryan, Christopher Mikander and Stina Sankila.

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.