NIB - 2. Interest income and interest expense

Nordic Investment Bank – Annual Report 2010

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(2) INTEREST INCOME AND INTEREST EXPENSE

(Amounts in EUR 1,000)	2010	2009
Interest income
Cash and cash equivalents	15,675	28,800
Placements with credit institutions for more than 6 months	1,330	2,934
Debt securities	128,952	157,858
Loans outstanding	283,510	412,762
Other interest income	182	684
Total, interest income ¹	429,649	603,038

Interest expense
Short-term amounts owed to credit institutions	3,519	9,355
Long-term amounts owed to credit institutions	1,627	3,276
Short-term repurchase agreements	-	476
Debts evidenced by certificates	776,577	737,855
Swap contracts and other interest expenses, net	-585,723	-366,921
Total, interest expense ²	195,999	384,040

¹ Including interest income of financial assets recognised at amortised cost EUR 381,433 (530,433) thousand.

² Including interest expense of financial liabilities recognised at amortised cost EUR 195,988 (383,564) thousand.