NIB’s Governors approve 2016 annual results

NIB’s Governors approve 2016 annual results

NIB’s Governors approve 2016 annual results

The FINANCIAL -- At its annual meeting, the Nordic Investment Bank’s Board of Governors approved the Bank’s annual accounts for 2016 and the payment of EUR 55 million as dividends to the member countries.

The Board of Governors approved NIB’s annual accounts for 2016. The Bank recorded a profit of EUR 212 million. EUR 55 million will be made available as dividends to the member countries.

The Bank signed 58 loan agreements and invested in eight green bonds with a combined value of EUR 4,363 million. The Bank increased the financing of investments with positive environmental impacts in the Nordic and Baltic countries, and continued implementing its strategic initiatives of broadening its focus on SMEs and mid-sized corporates, and reaching out to projects in the Arctic area, according to NIB.

“NIB aims to move our region forward through long-term financing. In 2016, this regional funding machine worked very efficiently. NIB’s profit shows an ability to combine impact financing with sound banking principles”, says Siv Jensen, Norway’s Minister of Finance and Chair of the Bank’s Board of Governors.

The Board of Governors, in which the member countries are represented at the ministerial level, appointed Magdalena Andersson, Minister of Finance of Sweden and the Governor for Sweden, as its Chair for the period from 1 June 2017 to 31 May 2018.