25 Jun 2020
Our year in brief
This is our year in brief. Here, you will find NIB's annual report 2019, our interim reports and other highlights that happen throughout the year.
Interim Management Statement January-March 2020
Summary
During the three-month period ending 31 March, the COVID-19 pandemic shaped NIB's business activities and its societal role during crisis situations. NIB's owners invited the Bank to provide support to its Nordic-Baltic member countries and sustainable businesses that are affected by the coronavirus outbreak. NIB will increase its lending to this effect, and has issued its inaugural Response Bond to finance such loans.
Download the interim management statement (unaudited) to learn more about NIB's lending activities and financial results.
NIB Activity Report 2019
Summary
"We have reached a time in history where we need to make systemic changes to balance the well-being of our societies with the limits of our planet. A transition to low-carbon economies requires global co-operation and actions from everyone, including governments, businesses, financial institutions and individuals like you and me", writes Henrik Normann, NIB's President & CEO in our Activity Report 2019.
Download the Report to learn more about the impact of our lending activities, the Nordic-Baltic operating environment, how we manage our internal operations and our stakeholder engagements. The Report also includes our sustainability reporting according to GRI.
NIB Financial Report 2019
Summary
In 2019, sustainable finance was higher up on the global agenda than ever before. NIB agreed 55 loans for projects that improve productivity and benefit the environment, and invested in nine green bonds, altogether amounting to EUR 3,316 million. 98% of loans agreed were assessed to have a "good" or "excellent" impact in at least one of the Bank's two mandates.
Disbursements were EUR 2,676 million. The net profit came to EUR 182 million, and NIB's Board of Directors proposes that EUR 45 million be paid in dividends to the Bank's Nordic and Baltic member countries for the year.
Key highlights 2019
EUR 3,316 million in loans agreed
EUR 2,676 million disbursed
EUR 4.9 billion raised in new funding
EUR 45 million proposed in dividends
Loans disbursed in 2019: EUR 2,676 million
Geographical distribution
| Column 1 | |
| Sweden | 33% |
| Norway | 30% |
| Finland | 23% |
| Denmark | 4% |
| Lithuania | 3% |
| Estonia | 2% |
| Iceland | 2% |
| Latvia | 1% |
| Non-member countries | 1% |
.png "Loans agreed in 2019 by economic category")
NIB Environmental Bond Report 2019
Summary
In 2019, NIB issued its first SEK 2 billion Nordic-Baltic Blue Bond to address water-related challenges in our member countries. In addition, a EUR 500 million Environmental Bond was also issued.
Throughout the year, the Bank remained engaged in several external initiatives to promote sustainable finance, and became a signatory to the Principles for Responsible Investment (PRI).
Download our NIB Environmental Bond Report 2019 on the right to read more about our bond issuance and the environmental impact of the projects we financed.
Key highlights 2019
EUR 693 million in NEBs issued
First Nordic-Baltic Blue Bond issued
13 ex-post assessments carried out to follow up on project impact
Participation in international efforts to develop the green bond market
Total NEB issuance in 2019
NEB investors 2019, by investor type
| Asset managers | 37% |
| Banks | 25% |
| Pension & insurance | 23% |
| Central Banks | 14% |
| Other | 1% |
NEB investors 2019, by geographical region
| Europe (excl. Nordics) | 49% |
| Nordics | 33% |
| Asia (excl. Japan) | 10% |
| Japan | 8% |
Graphs include all projects financed under the NEB Framework in 2019. The NEB Framework covers both Environmental Bonds and Nordic-Baltic Blue Bonds.
Contacts
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
