Transcript NIB presentation

NIB – Promoting sustainable growth
Saint-Petersburg September 29, 2010
Mr. Igor Kovtun, General Representative in Russia
Northern Europe's International Financial Institution
 Nordic and Baltic countries
as owners
 Started activities in 1976
 Baltic countries joined in
2005 as owners
 AAA/Aaa credit rating
 Lending in member countries
and selected focus
countries
 Headquarters in Helsinki
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Iceland
Norway
Finland
Sweden
Denmark
Estonia
Latvia
Lithuania
Financial performance
EUR million
2009
2008
Net interest income
219
212
Core earnings**
192
189
Profit
324
-281
Loans disbursed
1,954
2,486
New debt issues
4,137
4,681
Loans outstanding
13,763
13,063
Total assets
22,423
22,620
Operational Net liquidity
3,499
3,691
Equity
2,050
1,730
** Core earnings consist of the profit before adjustments to hedge
accounting, realised and unrealised gains and losses of the trading
portfolio and credit losses and reversals of these
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Mission and strategy
 NIB promotes sustainable growth by providing long-term
complementary financing to
• projects that strengthen competitiveness
• projects that enhance the environment
 NIB puts particular emphasis on projects involving investments in the
following sectors
• environment
• infrastructure
• energy
• innovation
 NIB finances
• large investments by the corporate sector, infrastructure projects,
PPPs, investments improving environment in e.g. municipal sector.
• small and medium-sized enterprises through financial
intermediaries.
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Long-term financing
 Co-financing normally up to 50% of the total project cost;
 Close cooperation with other international financial institutions as well
as commercial banks, export credit institutions and development
assistance organisations;
 Long-term lending instruments:
• Sovereign loans to the state or against state guarantees (15-25
years)
• Subsovereign loans directly to municipalities (10-20 years)
• Corporate loans (5-15 years)
• Limited recourse financing including PPP-financing (5-15 years)
• SME financing through financial intermediaries (5-12 years)
• Grace period up to 5 years
 Institutional strengthening in connection with specific projects;
 Support for project structuring and technical assistance.
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NIB in Russia
 Northwest Russia is natural
focus area for environmental
projects for NIB.
 Agreement with the
Government of the Russian
Federation for financial cooperation since 1997.
 "No objection" by the
Ministry of Finance of the
Russian Federation to all
loans from NIB to Russian
borrowers.
Iceland
Norway
Finland
Sweden
Denmark
Estonia
Latvia
Lithuania
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Enhancing the environment in Russia
 All projects considered for
financing undergo assessment
of potential environmental impact.
 The Northern Dimension
Environmental Partnership
(NDEP) – grant financing.
 Financed projects include waste
water treatment by Vodokanal of
St. Petersburg, environmental
investments by two Russian pulp
and paper factories, pipeline
includes e.g. municipal
investments in Novgorod and
Kaliningrad, Petrozavodsk.
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Strengthening competitiveness
Projects in the following sectors
and areas of economy:
 Infrastructure; incl. energy,
transport, telecoms, social
infrastructure
 Strategic capital investments,
incl. company acquisitions
 R&D and innovation
 Financed projects in Russia
include mobile phone network
investments, investments
improving energy generation and
distribution undertaken by TGC-1
and Lenenergo, Pulkovo Airport
PPP, several credit lines at
Russian banks.
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More on the web: /www.nib.int/loans/loan_process
NDEP Projects with NIB participation
 St. Petersburg Vodokanal Waste Water Treatment Plant - completed
 St. Petersburg Northern Sludge Incinerator -completed
 St. Petersburg Flood Protection Barrier – final stages
 Leningrad Oblast Municipal Services I – final stages
 St. Petersburg Neva Collector - commenced
 Kaliningrad Water and Environmental Services – commenced
 Novgorod Water and Waste Water Rehabilitation - starting
 Murmansk District Heating - delayed
 Petrozavodsk Water and Wastewater Services – to be signad
 Leningrad Oblast Municipal Services II – under preparation
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NIB Role
 Long term financing;
 Modern technologies and know-how;
 Environment;
 Experience;
 Support to SMEs;
 Development of cooperation;
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Promoting sustainable growth
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NIB – Lending in Russia
 Soren K. Mortensen, Senior Director, Area Head
 Marjo Harri, Senior Manager, Origination
([email protected])
 Jan Johansson, Senior Manager, Origination ([email protected])
Environmental Projects, NDEP
 Igor Kovtun, General Representative for Russia ([email protected])
Representative office in Moscow
Novinsky Garden Building
Bolschaya Molchanovka 36/1
+7 (495) 9611031; mob. +7(985) 6432264
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