Structure and management

NIB is an international financial institution owned by Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.

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, the Asset and Liability 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.