NIB's main objectives as an employer are the promotion of a balanced diversity among the staff, equal treatment of all staff members and the prevention of discrimination.
NIB is committed to the development and well-being of its employees and underscores the importance of dedicated employees for the organisation's performance.
NIB strives to continually develop the interaction and cooperation between the employer and the staff, to offer a competitive remuneration package and to support employees in reconciling work and family life.
NIB's employees have the status of staff members in an international organisation. Based on the Bank's legal status, the host country, namely Finland's, or any other member country's labour law or other legislation does not as a rule apply to the employees automatically. There are some exceptions, particularly with regard to taxation, social security and pensions. Consequently, NIB has established its own regulations for the staff.
The employees pay taxes on their income from NIB according to applicable national legislation and benefit from social security and pension insurance based on their residence. The employees enjoy immunity from legal process in the Bank's member countries as regards acts performed in their official capacity.
As NIB is not subject to the jurisdiction of national courts, the Bank has set up arbitration rules for potential employment-related disputes. NIB has an Ombudsman whom the employees can consult and who may also act as mediator in the event of such disputes.
At the moment, NIB employs some 190 people from all of the Bank's eight member countries as well as from outside the membership area. The majority of the employees have a university-level education. NIB's headquarters are located in Helsinki, Finland. The main working language of the Bank is English.
Staff policy (65 kB)
Staff regulations (610 kB)
Code of conduct for the staff (591 kB)
Host Country Agreement (34 kB)
Rules for the Ombudsman (75 kB)
Arbitration rules for settlement of employment-related disputes (117 kB)
Statutes for the Cooperation Council (57 kB)
Annual Report, Human resources
The Bank has reorganised its Lending department to strengthen its presence and enhance the service to its clients.
20 Sep 2012
The NIB Executive Committee has decided on further organisational changes following the restructuring of the Lending department.
20 Sep 2012
Thomas Wrangdahl from Sweden has been appointed First Vice-President and Head of Lending. He will be a member of the Management Committee and responsible for NIB’s lending operations both in and outside the Bank’s member countries. Mr Wrangdahl will take up his appointment on 1 September 2012.
15 Jun 2012