NIB in January–August 2015: lending on upward trend

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The FINANCIAL — On its eight-month results, NIB shows an increase in lending volumes and a EUR 150 million profit.

Despite the challenge of the persistently low interest rates in January–August 2015, the NIB’s profit amounted to EUR 149.6 million, roughly no changes on the same period last year.

The upward trend in NIB’s lending volumes continued. The total amount of newly signed loan agreements increased 9 per cent year-on-year to EUR 1.4 billion by late August 2015. The volume of loan disbursements showed a similar growth and totalled EUR 1.3 billion. The Bank’s borrowing in the capital markets amounted to EUR 2.7 billion, according to NIB.

“During the period, NIB experienced good demand for long-term financing”, writes Henrik Normann, NIB President & CEO, in his comments on the eight-month results.

 

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