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.
Successful fourth USD benchmark for the year
KBN took advantage of the strong market conditions and clear execution window post Thanksgiving holidays, to complete a successful USD 1.5bn 3-year benchmark.
Good lending growth in a normalised market
KBN’s net interest income in the third quarter of 2020 was NOK 437 million as compared to NOK 476 million in the same period in 2019. KBN won a significant proportion of requests for financing for new projects, and its lending portfolio grew by NOK 5.7 billion in the third quarter.