The Board of Directors’ proposal with regard to the financial results for the year 2015 takes into account the need to maintain the Bank’s ratio of equity to total risk-weighted assets at a secure level, which is a prerequisite for maintaining the Bank’s high creditworthiness.
In accordance with section 11 of the Statutes of the Bank, the profit for 2015 of EUR 215,398,492.93 is to be allocated as follows:
- EUR 110,398,492.93 will be transferred to the General Credit Risk Fund as a part of equity;
- EUR 50,000,000.00 will be transferred to the Special Credit Risk Fund for Project Investment Loans;
- no transfer is made to the Statutory Reserve. The Statutory Reserve amounts to EUR 686,325,305.70 or 11.2 % of the Bank’s authorized capital stock; and
- EUR 55,000,000.00 will be made available for distribution as dividends to the Bank’s member countries.
More information can be found in the statement of comprehensive income, the statement of financial position, the changes in equity and cash flow statement, as well as the notes to the financial statements.
|Helsinki, 3 March 2016|
|Pentti Pikkarainen||Trond Eklund||Kaspars Āboliņš|
|Sven Hegelund||Julie Sonne||Algimantas Rimkūnas|
|Þorsteinn Þorsteinsson||Henrik Normann|
President & CEO