NIB Governors approve EUR 76 million dividend payment
On 25 March 2025, the Board of Governors approved the Nordic Investment Bank’s annual accounts for 2024, and a dividend payment of EUR 76 million to the Nordic and Baltic member countries.
In 2024, NIB disbursed EUR 4.4 billion in lending, up from EUR 3.4 billion in the previous year. The net profit for 2024 amounted to EUR 256 million, up 2% from in 2023. This increase was mainly driven by core earnings, and the net interest income of EUR 332 million was the highest in the Bank’s almost 50-year history.
In terms of sectoral composition, the largest disbursements in 2024 were to energy projects—accounting for 21% of the mandate-rated loans, reflecting the Nordic-Baltic region’s accelerated transition toward energy independence and security, which is particularly crucial given the ongoing geopolitical tensions. The energy sector was closely followed by loans to research and development programmes (16%), with electricity distribution and transmission networks as the third-largest category (11%).
In 2024, the Board of Governors, urged us to maximise NIB’s contribution to the region’s productivity and innovation, climate and nature, with an additional focus on security and resilience. In line with this, NIB revised its Sustainability Policy to permit financing for defence-related investments while continuing to exclude weapons and ammunition. Since then, the Bank has built a pipeline for potential defense-related projects.
Jens Stoltenberg, Minister of Finance of Norway and Chair of NIB’s Board of Governors said: “NIB’s performance in 2024 was strong both in terms of impact and financials. NIB is a unique financial tool for the NB8 countries to drive environmental progress, sustainable growth, and enhance resilience. We also welcome the changes in the bank’s Sustainability Policy, which now allows for financing the defence industry. Security is a prerequisite for sustainable development. This understanding is particularly strong in the Nordic-Baltic countries.”
The Board of Governors, representing member countries at the ministerial level, appointed Elisabeth Svantesson—Sweden’s Minister of Finance and NIB Governor—as its Chair for the term 1 June 2025 to 31 May 2026.
For 2024, NIB published a combined report detailing its activities, impact, sustainability, and financial performance.
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.
Contact:
Jukka Ahonen, Head of Communications, at +358 10 618 0295, ju**********@ni*.int
Originally published on 27 March by Nordic Investment Bank.
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