NIB’s mission is to finance projects that improve competitiveness and the environment of the Nordic and Baltic countries. All projects considered eligible for financing are analysed for their potential socioeconomic and environmental impact. This is to ensure conformity with NIB’s mission and sound banking principles.
In 2016, NIB signed 58 new loan agreements. Loans achieving a “good” or “excellent” mandate rating accounted for 96% of the total amount of lending, excluding investments in green bonds.
The majority of environmental loans related to projects supporting the transition to a low-carbon economy in NIB’s member countries. This includes projects promoting climate change mitigation and renewable energy. Competitiveness-based loans mainly supported investments in municipal infrastructure, such as public transport and wastewater treatment projects as well as investments in research and development.