Posts Tagged ‘Lending’
Nordic Investment Bank lending to Nordics, Baltics up 26% in 2024
The Nordic Investment Bank saw its lending to the five Nordic and three Baltic countries rise by a quarter last year, as it continued its focus on long-term investments in sustainable energy and productivity.
The NIB disbursed €4.4 billion in 2024, the largest amount in its 50-year history, baring 2020, when lending ballooned as the bank sought to stave off the economic impact of the pandemic.
Lending is forecast to again be strong in 2025, the bank said in its annual report, released on Friday.
Some 20% of disbursements related in some way to energy, reflecting the Nordic-Baltic region’s climate goals and accelerated transition towards energy independence and security.
Read more
NIB is an international financial institution jointly owned by the Nordic and Baltic states. It finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. Starting last year, it expanded its mandate to include some defence-related investments.
SEK 22 billion in EIB financing provided for Swedish firms and municipalities in 2024
Over the course of 2024, the European Investment Bank (EIB) and the European Investment Fund (EIF) continued to support Sweden’s economic development and climate initiatives through substantial investments.
The EIB Group’s financing during the year amounted to around SEK 22 billion, of which more than 60% went to climate measures and environmental sustainability. This money supported wind power, energy-efficient housing and industrial electrification, among other projects.
These investments are estimated to have kept 32 000 jobs in Sweden.
Read full announcement (external link)
Originally published on 20 Feb
Read More