NIB Bulletin 2012–2013 (Nordic Investment Bank)

Summary

• NIB's operational profit for January–August 2012 amounted to EUR 162 million, EUR 38 million higher than a year earlier.p.5
• Loans outstanding increased to EUR 14.8 billion, compared with EUR 13.6 billion a year before.p.5
• Loans disbursed during the period rose to EUR 1.2 billion (EUR 973 million in January–August 2011).p.5
• NIB closed twenty funding transactions totalling EUR 2.8 billion in the first eight months of the year.p.5
• NIB signed a DKK 250 million loan agreement with Haldor Topsøe A/S to finance R&D investment.p.10
• The Koskenkylä–Kotka stretch of the E18 in Finland has a budget of almost EUR 350 million and covers 53 kilometres.p.12
• A EUR 32 million loan package was signed to reduce untreated wastewater discharged into Lake Onega in Russia.p.26

Key insights

1. In January NIB launched a 5-year global USD 1.25 billion benchmark issue.p.5
2. In August NIB issued its second NIB Environmental Bond, a 20-year security totalling SEK 500 million.p.5
3. Sparebanken Vest has lent NOK 1.3 billion to 70 small hydropower projects in Western Norway.p.6
4. The Norwegian–Swedish green certificate market is expected to generate 26.4 TWh from new renewable energy projects by 2020, with each country financing 13.2 TWh.p.7
5. Norway has some 1,100 small hydropower plants with a total annual output of 8.2 TWh.p.8
6. The Petrozavodsk wastewater plant reconstruction is estimated to reduce phosphorus discharges by 60 tonnes a year.p.19
7. Sweden has committed SEK 90 million (EUR 9 million) and Finland EUR 2 million to the Baltic Sea Action Plan Fund.p.21
8. NIB granted a 15-year loan of EUR 133 million to Norwegian Sparebank 1 SMN for onlending to hydropower projects.p.26