Nordic Investment Bank

The Nordic Investment Bank (NIB) is an international financial institution founded in the mid-1970s by the five Nordic countries: Denmark, Finland, Iceland, Norway and Sweden. In 2005, Estonia, Latvia and Lithuania became members of the Bank. NIB’s headquarters are located in Helsinki, Finland. NIB acquires the funds for its lending by borrowing on the international capital markets.

To improve competitiveness of its member countries, the NIB-financed projects support productivity growth through

In terms of the environment, NIB lends to projects that lead to

NIB has a significant environmental loan portfolio outside its member countries, including the Baltic Sea and Barents regions.

Projects considered for financing are viewed from a sustainable growth perspective. NIB analyses their impact on competitiveness and the environment as well as their indirect effects on the economy and society.

NIB acquires the funds for its lending by borrowing on international capital markets. The Bank’s bonds enjoy the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

Each member country designates a Governor to the Bank's Board of Governors, which is the supreme decision-making body. The Control Committee is the Bank's supervisory body. The Board of Directors makes policy decisions concerning the operations and approves the financial transactions proposed by NIB's President. NIB's President is responsible for the conduct of the current operations of the Bank. The President is assisted in his or her work by the Executive Committee, Asset and Liability Committee, Credit Committee, Finance Committee and ICT Council.

The Bank has some 180 employees from all the member countries. NIB has its headquarters in Helsinki, Finland. The Bank's official languages are English and Swedish.

NIB promotes transparency, predictability, accountability, responsibility and disclosure as general principles enhancing and furthering good governance.

NIB is governed by its constituent documents, namely the Agreement among its member countries and the Statutes, as well as the Headquarters Agreement concluded between NIB and the Government of Finland. These establish that NIB is the member countries' common international financial institution, having the same status as other legal persons conducting similar operations within and outside the member countries. Furthermore, the constituent documents stipulate that NIB has the status of an international legal person with full legal capacity, define the immunities and privileges of the Bank and its personnel and set out the structure for the governance of the Bank.

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