Our year in brief

This is our year in brief. Here, you will find NIB's annual report 2018, our interim reports for 2019 and other highlights that happen throughout the year.



NIB's Interim Management Statement January-September 2019


On 31 October, NIB published its interim financial report for the nine-month period ending 30 September 2019. A total of EUR 1,608 million in new loans were agreed and EUR 1,799 million were disbursed.

NIB’s mission is to finance projects that contribute to the productivity and benefit the environment of the Nordic and Baltic countries. Before approval is given in each individual case, all eligible projects are evaluated and rated against criteria based on the Bank’s mission. By 30 September, loans achieving a “good” or “excellent” mandate rating accounted for 99% of loans agreed.





NIB's Interim Management Report January-June 2019


On 30 August 2019, NIB published its 6-month interim financial report. During the half year ending on 30 June, a total of EUR 1,339 million were agreed in new loans and EUR 1,484 million were disbursed.

"Demand for long-term financing from NIB is still strong. The disbursments in the first half of the year were, as anticipated, lower than the historically high levels of 2018", says Henrik Normann, NIB President & CEO.

The net profit for the period amounted to EUR 95 million, down from EUR 110 million for the corresponding period of the previous year.



NIB's Interim Management Statement January-March 2019 (unaudited)


NIB has 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.





NIB's Activity Report 2018


In 2018, most of NIB's long-term financing went to projects that support the economy’s overall efficiency in the use of capital, labour and raw materials.

We also updated our mandate rating framework, which we use to analyse the impact of projects, to better adapt to latest developments in sustainable finance, technology and environmental science.

In addition, we have been active in several Nordic and Baltic sustainability initiatives, and participated in setting new standards for the sustainable finance industry.

Download NIB's Activity Report 2018 to learn more about our lending activities, our stakeholder engagements, about working at NIB, how we handle integrity and anti-corruption measures, and our sustainability reporting according to GRI.


Activity Report 2018


Activity Report 2018




Key activities 2018

58 new loans agreed

Two new non-member country frameworks signed

Stakeholder survey 2018 

Participation at UN Climate Conference COP 24 and political events in the Nordics


Loans agreed 2018

New borrowings in 2018


Impact of projects financed by NIB in 2018





Human capital



NIB's added value, according to our stakeholders:

Professional staff

Sustainable financier

Sustainability impact


NIB's Financial Report 2018


NIB contributes to the prosperity and sustainability of the Nordic-Baltic region by providing long-term loans to its customers. In 2018, NIB recorded the highest lending volumes in its history. The demand for long-term financing was largely driven by corporate borrowers. During the year, the Bank also increased its lending to Arctic and Baltic projects, as well as to SMEs via financial intermediaries.

Download our Financial Report 2018 to learn more about the Bank's activities and financial results.




Financial Report 2018


Key figures 2018

EUR 4,330 million in loans agreed

EUR 4,047 million in loans disbursed

EUR 6.6 billion raised in new funding

EUR 40 million in dividends proposed

Loans agreed 18
Mission fulfilment



 NIB Environmental Bond Report 2018


In 2018, NIB issued an NIB Environmental Bond (NEB) for EUR 500 million. With the transaction, the Bank further anchored its status as a leading Nordic-Baltic issuer of environmental bonds.

"During the year, we updated our criteria for selecting environmental projects and improved our impact reporting on project level", says Lars Eibeholm, NIB's Head of Treasury.

Download our NIB Environmental Bond Report 2018 to learn more about the Bank's activity on the green bond market and the impact of NEB-financing.



Key figures 2018

EUR 500 million in NEBs issued

164,465 tons of CO2e reduced annually 

415 GWh added in increased renewable energy generation per year


NEB-financed projects in 2018, by category

Renewable energy55%
Green buildings25%
Energy efficiency12%
Clean transport solutions5%
Water & waste management4%

NEB-financed projects in 2018, by country



Total impact of NEB-financed projects 2011-2018




Renewable energy





Mr Jens Hellerup

Senior Director
Head of Funding and Investor Relations
+358 10 618 0340

Mr Luca De Lorenzo

Head of Sustainability and Mandate
+358 10 618 0297

Mr Jukka Ahonen

Senior Director
Head of Communications
+358 10 618 0295