The Control Committee is the Bank's supervisory body. It ensures that the operations of the Bank are conducted in accordance with the Statutes. The Control Committee is responsible for the audit of the Bank and submits its annual audit report to the Board of Governors. The Nordic Council and the Parliaments of Estonia, Latvia and Lithuania appoint eight members to the Committee, with one member representing each member country. Furthermore, two members are appointed by the Board of Governors to serve as Chairman and Deputy Chairman. The chairmanship and the deputy chairmanship rotate among the member countries.
The Control Committee appoints two professional external auditors for the purpose of assisting the Committee in carrying out its work and responsibilities. One of the professional auditors is appointed from the Bank's host country (Finland) and one from another member country.
Mr Arne Skauge (Norway)
Ms Eva Lindström (Sweden)
Mr Thomas Jensen, Member of Parliament
Mr Sven Sester, Member of Parliament
Ms Tuula Peltonen, Member of Parliament
Ms Ragnheiður Rikhardsdóttir, Member of Parliament
Ms Karina Korna, Former Parliamentary Secretary
Ms Alina Brazdilienė, Adviser to the Office of the Seimas Committee on the Budget and Finance
Mr Hans Frode Kielland Asmyhr, Member of Parliament
Ms Åsa Torstensson, Member of Parliament
Secretary to the Control Committee:
Heikki Cantell, General Counsel, NIB
Mr Sixten Nyman, Authorised Public Accountant, KPMG Finland
Mr Per Gunslev, Authorised Public Accountant, KPMG Denmark
Rules of procedure for the Control Committee (81 kB)
Code of conduct for the Control Committee (137 kB)
Legal framework and policy documents
Annual Report, Corporate 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