Nordic Investment Bank loans increase during 2020 amid COVID-19 support
The Nordic Investment Bank paid out €4.853 billion in loans during 2020, compared to €2.676 billion in 2019.
Of this, €1.470 billion were Response Loans aimed at alleviating the social and economic consequences of the COVID-19 pandemic in the bank’s member countries. The net profit for the year was €165 million, compared to €182 million in 2019.
During the year, NIB financed several projects in its member country area, including clean transport, green buildings, renewable energy generation, water management, R&D and healthcare.
In 2020, NIB raised €7.5 billion in new funding through 38 bond transactions. Of this, NIB issued a three-year, €1 billion Response Bond in March, and another three-year, SEK4 billion (€366 million) Response Bond in April.
