Finland’s geopolitical and geoeconomical position upended in early 2022 as Russia’s war of aggression against Ukraine intensified the economic and social uncertainties in Europe. This turmoil made our role in securing Finland’s security of supply grow even stronger than before.
In 2022, the amount of finance we granted grew by 19% compared to the previous year. Our new long-term financing totalled EUR 4.4 billion. As expected, the net operating profit excluding unrealised fair value changes decreased from the previous year, as a result of a change we made in credit terms for the customers’ benefit.
The demand for our sustainable finance products was strong in 2022, especially so for green finance. Combined, the green and social projects have received around five billion euros in financing.