Our year in brief

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 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.

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.

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.

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.