🇫🇮 NIB reports solid half-year financial results for 2025

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  • During the first six months of 2025, NIB’s new financing was EUR 2,008 million (EUR 1,896 million in the same period last year)
  • New financing committed amounted to EUR 3,025 million (EUR 2,642 million)
  • Net interest income was EUR 173 million and net profit EUR 134 million
  • The revised Sustainability Policy Exclusion List, allowing financing of conventional weapons and ammunition, came into effect in July

NIB recorded a solid financial result during the first half of the year. The level of new financing surpassed last year’s already high levels. Lending activity increased throughout the second quarter.

André Küüsvek, NIB President and CEO said in his commentary: “Demand for NIB’s financing remained strong, and the Bank witnessed growth in lending volumes compared to a year ago. The Bank’s core earnings, represented by net interest income, increased by 7% to EUR 173 million compared to the same period in 2024.”

In May, NIB signed its first defence-related loans with Finnish Savox Communications and the Republic of Lithuania. In June, the Board of Directors approved revisions to the Sustainability Policy Exclusion List, now permitting the Bank to finance conventional weapons and ammunition, while excluding producers of controversial weapons. The Policy came into effect on 12 July 2025.

“Our responsibility is to ensure that NIB’s activities reflect societal developments and align with the needs of our member region. The steps taken during the first half of the year reflect this commitment. At the same time, our core mission—to provide long-term sustainable finance that improves productivity and benefits the environment in the Nordic-Baltic region—continues to guide our work,” says Küüsvek.

To meet the demand for financing, NIB raised EUR 6.3 billion in new funding during the first half of the year. This included two Euro benchmark bonds of EUR 1 billion and EUR 750 million, and a USD 1.25 billion benchmark bond.

    The Bank is in a strong financial position as confirmed by NIB’s AAA/Aaa rating, which was reaffirmed by both Standard & Poor’s and Moody’s during the first half of the year.

    NIB Q2 Interim Financial Report

    Key figures and ratios

    In EUR millions unless otherwise specified Jan-Jun 2025 Jan-Jun 2024 YoY change Jan-Dec 2024
    Net interest income 173 162 6.9% 332
    Profit before net loan losses 140 147 -4.8% 259
    Net profit 134 143 -6.0% 256
    New financing 1 2,008 1,896 5.9% 4,353
    New financing committed 2 3,025 2,642 14.5% 5,021
    % of loans achieving good or above mandate 3 99.3% 99.9% -0.6pp 99.9%
    New debt issuance 6,344 6,422 -1.2% 9,070
    Financing outstanding 4 24,398 22,334 9.2% 23,574
    Total assets 44,047 41,615 5.8% 43,104
    Debts evidenced by certificates 37,214 34,270 8.6% 36,230
    Total equity 4,600 4,424 4.0% 4,553
    Equity/total assets 5 10.4% 10.6% -0.2pp 10.6%
    Return on equity 5 5.9% 6.5% -0.6pp 5.8%
    Cost/income 5 18.2% 17.1% 1.1pp 18.5%
    Number of employees at period end 261 257 1.6% 257
    1 Including loan disbursements and investments in lending bonds. Lending bonds are investments in labelled (green, social, sustainability and sustainability-linked), MREL (minimum requirement for own funds and eligible liabilities) and other bonds initiated by Lending organisation.
    2 Including new loans signed and commitments to investments in lending bonds.
    3 See report page 9 for mandate fulfilment explanation.
    4 Including loans outstanding and investments in lending bonds.
    5 See report page 27 for ratio definitions.

    NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s.

    For further information, please contact
    André Küüsvek, President & CEO, at +358 10 618 001, [email protected]

    Kim Skov Jensen, Vice President & CFO, at +358 50 473 4347, [email protected]

    Jukka Ahonen, Senior Director, Head of Communications, at +358 10 618 0295, [email protected]

    Originally published on 14 August by Nordic Investment Bank.

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