Nordic Investment Bank
The Nordic Investment Bank (NIB) is an international financial institution founded in the mid-1970s by the five Nordic countries: Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...

, Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...

, Iceland
Iceland , described as the Republic of Iceland, is a Nordic and European island country in the North Atlantic Ocean, on the Mid-Atlantic Ridge. Iceland also refers to the main island of the country, which contains almost all the population and almost all the land area. The country has a population...

, Norway
Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 and Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....

. In 2005, Estonia
Estonia , officially the Republic of Estonia , is a state in the Baltic region of Northern Europe. It is bordered to the north by the Gulf of Finland, to the west by the Baltic Sea, to the south by Latvia , and to the east by Lake Peipsi and the Russian Federation . Across the Baltic Sea lies...

, Latvia
Latvia , officially the Republic of Latvia , is a country in the Baltic region of Northern Europe. It is bordered to the north by Estonia , to the south by Lithuania , to the east by the Russian Federation , to the southeast by Belarus and shares maritime borders to the west with Sweden...

 and Lithuania
Lithuania , officially the Republic of Lithuania is a country in Northern Europe, the biggest of the three Baltic states. It is situated along the southeastern shore of the Baltic Sea, whereby to the west lie Sweden and Denmark...

 became members of the Bank. NIB’s headquarters are located in Helsinki
Helsinki is the capital and largest city in Finland. It is in the region of Uusimaa, located in southern Finland, on the shore of the Gulf of Finland, an arm of the Baltic Sea. The population of the city of Helsinki is , making it by far the most populous municipality in Finland. Helsinki is...

, Finland
Finland , officially the Republic of Finland, is a Nordic country situated in the Fennoscandian region of Northern Europe. It is bordered by Sweden in the west, Norway in the north and Russia in the east, while Estonia lies to its south across the Gulf of Finland.Around 5.4 million people reside...

. NIB acquires the funds for its lending by borrowing on the international capital market
Capital market
A capital market is a market for securities , where business enterprises and governments can raise long-term funds. It is defined as a market in which money is provided for periods longer than a year, as the raising of short-term funds takes place on other markets...



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

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)

The Nordic Environment Finance Corporation is an international finance institution established in 1990 by the five Nordic countries: Denmark, Finland, Iceland, Norway and Sweden. To date, NEFCO has financed a wide range of environmental projects in Central and Eastern European countries, including...

 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.
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