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.
At its annual meeting in Vilnius, Lithuania, NIB's Board of Governors decided to resume dividend payments to the member countries. The 2012 dividend amounts to EUR 52 million.
30 Apr 2013
At its annual meeting, NIB's Board of Governors stressed that the Bank is well equipped to support borrowers in the Nordic-Baltic region.
26 Mar 2012
On 15 June, NIB marked 35 years since it was established by the Nordic governments in the mid-1970s.
16 Jun 2011