The Board of Directors’ proposal with regard to the financial results for the year 2016 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 2016 of EUR 211,810,055.68 is to be allocated as follows:
– EUR 156,810,055.68 will be transferred to the General Credit Risk Fund as a part of equity; 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, 9 March 2017|
|Kaspars Āboliņš||Esther Finnbogadóttir||Trond Eklund on behalf of Silje Gamstøbakk|
|Sven Hegelund||Julie Sonne||Pekka Morén|
|Jurgita Uzielienė||Henrik Normann President & CEO||Madis Üürike|