Nordic Investment Bank to pay out EUR 40 million in dividends

Take note – story published 1 year ago

On 5 May, the annual meeting of the Board of Governors for the Nordic Investment Bank (NIB) approved the bank’s annual accounts for 2021 and a payment of EUR 40 million as dividends to the Nordic and Baltic member countries, of which Latvia is one.

"The disbursement of NIB’s long-term lending returned to a more normal level of EUR 2,440 million compared to EUR 4,853 million in 2020, when the bank paid out a historically high amount in response to the Covid-19 crisis," the bank said.

The net profit for 2021 amounted to EUR 159 million (EUR 165 million in 2020), of which EUR 40 million will be paid as dividends to the bank’s member countries.

“The Nordic Investment Bank plays an important role in financing the sustainable transition of the Nordic and Baltic regions and in building a market for sustainable finance,” said Simon Kollerup, Danish Minister for Industry, Business and Financial Affairs and Chair of the Bank’s Board of Governors.

“With NIB's new sustainability policy, we have increased our ambitions even further, not only regarding energy production, but also to play an important role in the green transition in the hard to abate sectors. This makes the bank an important asset for member countries, especially in the current situation which calls for immediate action to step up the green transition and become more independent of Russian fossil gas and oil,” Kollerup added.

NIB said it saw strong first-quarter demand for its long-term financing in 2022. NIB published its first-quarter interim management statement on 28 April. You can read the full year 2021 NIB Financial Report here

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

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