3 Apr 2020
EUR 400 million
"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.
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.
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
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.
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
|Pension & insurance||23%|
|Europe (excl. Nordics)||49%|
|Asia (excl. Japan)||10%|
Graphs include all projects financed under the NEB Framework in 2019. The NEB Framework covers both Environmental Bonds and Nordic-Baltic Blue Bonds.
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.
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