After two successful USD deals, today BNG issued its first EUR benchmark transaction of 2025. Investor demand was supportive from the outset and accelerated over the course of the European morning. Books closed in excess of EUR 2.6bn including EUR 400mn of Joint Lead Manager interest. We are once again very grateful to the SSA investor community around the world for their continued support.
Read moreStrong financial performance despite major uncertainties
- Increase in recurring net banking income to EUR 217 million (+9.6% vs 2023) driven by a very sustained activity level since 2023 despite the higher refinancing costs
- Operating expenses under control stable vs 2023, and an improved cost to income ratio at 54% (-6 points vs 2023)
- Excellent quality of asset portfolio illustrated by a reversal in cost of risk, a non-performing exposures rate at 0.26% and a 0% weighting (standard approach) for 84% of the asset portfolio
- Strong growth in recurring net result (+15% vs 2023) illustrating the performance of our public development bank model
- CET1 ratio at 42.2% (vs 8.56% minimal requirement)
- Robust liquidity with LCR and NSFR ratios of 440% and 125% respectively, with a good execution of the funding programme attracting more than 300 investors
Read moreKBN’s portfolio of green loans increased by NOK 6.1 billion in the fourth quarter of 2024. At the end of the quarter, KBN’s green lending represented 18.5% of its overall lending portfolio.
Read moreToday, 12 February 2025, Kommuninvest i Sverige AB publishes the annual accounts and the annual report for 2024. Kommuninvest's total lending as of 31/12/2024 amounted to SEK 545.2 billion (511.9) in nominal terms, corresponding to a growth rate of 6.5 (6.1) percent. Total borrowing at year-end amounted to SEK 589.4 billion (550.7) in nominal terms.
Read moreWith effect from 1 May 2025, the Supervisory Board of BNG is reappointing Olivier Labe as CFO of BNG for a period of two years. Labe (b. 1969) has been a member of the Executive Board of BNG since 1 May 2015, initially as member responsible for Treasury & Capital Markets and Investor Relations, and later as CFO.
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