Nordic Investment Bank

Nordic Investment Bank
Logo of the 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.

Nordic Investment Bank offices in Helsinki.



NIB promotes sustainable growth of its member countries by providing long-term complementary financing, based on sound banking principles, to projects that strengthen competitiveness and enhance the environment.


NIB promotes competitiveness and supports the environment by providing financing in the form of loans and guarantees for activities in which NIB can add value and complement other financing sources.

NIB focuses in particular on four areas of the economy:

  • energy;
  • the environment;
  • transport, logistics and communications;
  • innovation.

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.

Corporate responsibility

NIB promotes sustainable growth by providing financing to projects that strengthen competitiveness and enhance the environment, in line with the Bank's mission. NIB recognises that taking ecological and social aspects into account is part of good business and leads to sustainable development. NIB believes that this approach enhances the competitive advantage of the Bank's customers and that economic growth and a healthy environment go hand in hand. As an international financial institution, NIB places particular emphasis on issues relating to corporate responsibility. On this page NIB briefly presents its view on its role in society at large and on aspects related to corporate responsibility. More information is found elsewhere on the site, as indicated.

Structure and management

Members of NIB as of 2005

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 Management Committee, the Credit Committee, the Finance Committee and the ICT Council.

The Bank has some 170 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.

Legal framework

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.

Constituent documents

Agreement and Statutes (68 kB)

Headquarters Agreement (34 kB)


NIB places great importance on its cooperation with other financing institutions. The Bank's aim is to create added value for its customers by supplementing other sources of finance with long-term loans and guarantees. NIB cooperates and cofinances projects with other international financial institutions and regional multilateral banks as well as with public and private sector lenders such as export credit institutions, development cooperation authorities and commercial banks. NIB belongs to the Nordic Finance Group consisting of four international financial institutions located together in Helsinki, Finland. NIB channels its financing to small and medium-sized enterprises through local intermediaries.

NIB participates actively in the Northern Dimension Environmental Partnership (NDEP). As regards environmental cooperation, NIB has also signed the declaration European principles of the environment together with four other European international financial institutions.

NIB has established cooperation with international financial institutions such as the Asian Development Bank (ADB); the African Development Bank (AfDB); the Council of Europe Development Bank (CEB); the European Bank for Reconstruction and Development (EBRD); the Inter-American Development Bank (IDB); as well as the IBRD, IDA, and IFC within the World Bank Group. Furthermore, NIB has cooperation agreements with three regional multilateral banks: the Black Sea Trade & Development Bank, the Central American Bank for Economic Integration CABEI and the Andean Development Corporation CAF. Through these institutions, NIB can operate also in countries where it has no agreement on financial cooperation.

Nordic Finance Group

NIB is part of the Nordic Finance Group, consisting of four international financial institutions located in the same block in Helsinki, Finland. The institutions within the group offer different types of financing and competences. In addition to NIB, the following institutions belong to the group:

  • Nordic Development Fund (NDF)

NDF is a multilateral development finance organisation, providing grant financing for climate projects in poor developing countries.

  • Nordic Environment Finance Corporation (NEFCO)

NEFCO is a risk capital institution financing environmental projects in Central and Eastern Europe.

  • Nordic Project Fund (Nopef)

Nopef is an organisation that works to strengthen the international competitiveness of small and medium-sized enterprises by providing loans on favourable terms for cofinancing feasibility studies.

NDF, NEFCO and Nopef are owned by the five Nordic countries.

External links

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • European Investment Bank — The European Investment Bank ( Banque Européenne d Investissement ) is the European Union s long term lending institution established in 1958 under the Treaty of Rome. A policy driven bank, the EIB supports the EU’s priority objectives,… …   Wikipedia

  • Straumur Investment Bank — Infobox Company company name = Straumur Burðarás Investment Bank hf. company company type = Public (OMX|ICE5452|STRB) foundation = Reykjavík, Iceland, 1986 (foundation of Hlutabréfasjóðurinn hf. ) location = Reykjavík, Iceland key people =… …   Wikipedia

  • Nordic Council — Formation 1952 (Nordic Council) 1971 (Nordic Council of Ministers) …   Wikipedia

  • Bank Ochrony Środowiska — (BOŚ) is a Polish bank, owned in 77.27% by The National Fund for Environmental Protection and Water Management, 6.50% by the State Forestry and 16,23% by others.Until 2006 the Swedish SEB was the largest shareholder, but sold its shares to the… …   Wikipedia

  • Nordic Development Fund — The Nordic Development Fund is the joint multilateral development finance institution of Denmark, Finland, Iceland, Norway and Sweden. It was established in 1989 and adheres to the development assistance policies of the Nordic countries and has… …   Wikipedia

  • Multilateral development bank — A multilateral development bank (MDB) is an institution, created by a group of countries, that provides financing and professional advising for the purpose of development. MDBs have large memberships including both developed donor countries and… …   Wikipedia

  • The Nordic Institute in Finland — (NIFIN) is a Nordic cultural institute under the aegis of the Nordic Council of Ministers located in Helsinki.[1] Nifin aims to provide people in Finland with knowledge about the other Nordic countries’ languages and cultures. The Institute also… …   Wikipedia

  • Glitnir (bank) — Infobox Company company name = Glitnir Banki hf. company type = Public (OMX|ICE5396|GLB) foundation = Reykjavík, Iceland (traces history to 1904) location = Reykjavík, Iceland key people = Þorsteinn Már Baldvinsson (Chairman of the board), Lárus… …   Wikipedia

  • Kaupthing Bank — Infobox Company company name = Kaupþing banki hf. company company type = Public (OMX|ICE10905|KAUP) company slogan = Thinking Beyond foundation = Reykjavík, Iceland, 1930 (foundation of Búnaðarbanki ) location = Reykjavík, Iceland key people =… …   Wikipedia

  • Danske Bank — A/S Type Publicly traded Aktieselskab (OMX: DANSKE) Industry …   Wikipedia