Nordic Investment Bank

Nordic Investment Bank

NIB member states, as of 2005
Abbreviation	NIB
Type	International financial institution
Headquarters	Helsinki, Finland
Membership	Denmark  Faroe Islands  Greenland  Estonia  Finland  Åland Islands  Iceland  Latvia  Lithuania  Norway  Sweden
President	André Küüsvek[1]
Website	www.nib.int

The Nordic Investment Bank (NIB) is an international financial institution founded in 1975 by the five Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden). In 2005, the three Baltic states (Estonia, Latvia, and Lithuania) also 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.

Strategy

NIB offers loans to customers in both the private and public sectors. The Bank's primary lending areas are:

• Public Sector & Utilities
• Infrastructure & Project Finance
• Industry
• Services & Consumer
• Financial Institutions

In addition, NIB offers loans that provide financial incentives to help companies reach their sustainability objectives. The Bank acquires the funds for its lending by borrowing from international capital markets.^[2]

Structure and management

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.

Presidents:

• Bert Lindström, Sweden, 1975 – 1986
• Jannik Lindbæk, Norway, 1986 – 1994
• Jón Sigurðsson, Iceland, 1994 – 2005
• Johnny Åkerholm, Finland, 2005 – 2012
• Henrik Normann, Denmark, 2012 – 2021
• André Küüsvek, Estonia, 2021 – present

The Bank has a staff of approximately 230 employees, both from the member region and beyond. NIB's headquarters are located in Helsinki, Finland, and English is the official language of the Bank.

References