31 Mar 2021
EUR 63 million
Infrastructure, transportation and telecom
“Although dealing with the coronavirus crisis is essential, it is of utmost importance that long-term challenges, such as climate change, shall not be forgotten. Financing jobs may come first and the green transition second during this crisis, but these two things need to go hand-in-hand in the long run. If we do not get the green transition right—that all of us feel included—the green transition could become detested, and not receive the support it needs. Equal economic opportunities are an important driver for productivity and long-term sustainable growth,” writes Henrik Normann, NIB's President & CEO in our Impact Report 2020.
Download the Report to learn more about the impact of our lending activities, Covid-19 response, environmental bonds and internal operations management.
The Report also includes our sustainability reporting according to Global Reporting Initiative, and our first attempts at providing information in accordance with the Principles for Responsible Banking and the Task Force on Climate-related Financial Disclosures.
In 2020, NIB’s business activities were shaped by the efforts to alleviate the effects of the COVID-19 pandemic. The Bank increased its lending significantly by providing Response Loans.
NIB disbursed a total of EUR 4,853 million, of which EUR 1,470 was paid out as Response Loans. 98% of the mandate-rated loans were assesed to have a "good" or "excellent" impact on productivity or the environment.
The Bank raised EUR 7.5 billion in new funding through 38 transactions. In order to finance the Response loans, NIB established a Response Bonds Framework and issued two Response Bonds.
The net profit came to EUR 165 million. The Bank did not record any realised loan losses.
EUR 4,853 million in loans disbursed
EUR 1,470 million in Response Loans
EUR 7.5 billion raised in new funding
98% mandate fulfillment
NIB's Nordic and Baltic owner countries have updated the Bank's Statutes. The amended Statutes are in force as of 29 July 2020.
“The banking world has changed immensely during the last ten years. By modernising the Statutes, we have adapted to the developments and secured our strong position for the future. The changes will ensure continued adherence with sound banking principles and help us to maintain our support for the sustainable growth of the Nordic and Baltic countries,” says Henrik Normann, NIB President & CEO.
Capital and liquidity management
Abolishment of PIL and MIL loan facilities and increase of authorised capital
Board of Governors Principles for Capital and Liquidity Management
Head of Funding & Investor Relations
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Head of Sustainability & Mandate
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Head of Communications
+358 10 618 0295