KBN publishes 2020 Impact Report
Read about new green projects financed in 2020, aggregated impact of KBNs green project portfolio and compliance with the EU Taxonomy.
Good results in a challenging year
KBN’s profit for the year was NOK 1,159 million in 2020 as compared to NOK 1,283 million in 2019. KBN’s lending to the local government sector grew by 2.7% in 2020. KBN’s lending to projects with a clear climate ambition continues to grow the most strongly.
Andrea Søfting appointed as new CFO of KBN
Andrea Søfting is appointed as new CFO of KBN. Søfting joined KBN from SpareBank 1 Ringerike Hadeland, where she held the position as CFO.
Excellent start to KBN 2021 funding program
KBN took advantage of an early funding window in the new year and managed to engage investors in a record size benchmark at a record low spreads vs. US Treasury.
KBN feedback on EU taxonomy
KBN welcomes the Taxonomy as a tool to define and promote sustainable activities. That said, we have a few concerns.