NIB’s Governors approve 2017 annual results

NIB’s Governors approve 2017 annual results

NIB’s Governors approve 2017 annual results

The FINANCIAL -- At its annual meeting, the Nordic Investment Bank’s Board of Governors approved the Bank’s annual accounts for 2017 and the payment of EUR 55 million as dividends to the member countries.

The Board of Governors approved NIB’s annual accounts for 2017. The total amount of loan agreements and investments in green bonds made during the year reached EUR 3,812 million. The Bank continued lending to projects with positive impact on the environment: particularly, green buildings, wastewater treatment projects, biomass-fired power plants and projects in other sectors. Of EUR 211 million, recorded as a profit of the year, EUR 55 million will be paid out as dividends to the member countries, according to NIB.

“In 2017, the Nordic Investment Bank continued to show that it is an important vehicle to promote both productivity and sustainability. The recent explicit acknowledgement of equal economic opportunity as a driver for productivity is an important step to maintain the Banks relevance”, says Magdalena Andersson, Sweden’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 Dana Reizniece–Ozola, Minister of Finance of Latvia and the Governor for Latvia, as its Chair for the period from 1 June 2018 to 31 May 2019.