Good lending growth and underlying operations in the second quarter
KBN´s net interest income in the second quarter of 2021 was NOK 364 million as compared to NOK 412 million in the same period in 2020. It has been good growth in lending and the KBNs loan portfolio grew by NOK 4.7 billion in second quarter. Profit for the period totalled NOK 119 million in the second quarter and NOK 516 million in the first six months of 2021.
More accessible data in ESG bonds
New Guidelines for Impact Database providers aim to increase transparency and promote best practice. KBN and NIB have jointly coordinated the work.
Eight immediate climate change adaptation measures for business and industry
Prime Minister Erna Solberg was today handed a report setting out eight climate change adaptation measures for business and industry to take immediately by the Skift network of businesses*. Business and industry need to make significant adaptations in response to climate change, but few companies have the expertise or capacity to undertake climate change adaptation work in a structured way.
A good result in a competitive market
KBN’s net interest income in the first quarter of 2021 was NOK 384 million as compared to NOK 443 million in the first quarter of 2020. KBN’s underlying operations were good. The decrease relates to very low interest rates and strong competition in the market for loans to the local government sector.
Successful inaugural SOFR-linked FRN
On Wednesday 21 April, KBN successfully priced our inaugural SOFR-linked Floating Rate Note; a USD 500 million note due to October 2023.