Thomas Wrangdahl appointed new Head of Lending at NIB

Thomas Wrangdahl, new Head of Lending at NIB.

Thomas Wrangdahl from Sweden has been appointed First Vice-President and Head of Lending at NIB. 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.

Thomas Wrangdahl worked as the General Manager of the BNP Paribas (Fortis) Stockholm Branch from 2006 to 2012. In 2010, he was also responsible for the Copenhagen Branch. Before that he has held various managerial positions, including at HSH Nordbank and ABB (Credit International and Asset and Structured Finance) both in Sweden and abroad. Currently, Mr Wrangdahl has assignments through his own consultancy company, Wrangdahl Consulting AB.

“We would like to welcome Thomas Wrangdahl to NIB. He has valuable and long experience in the Nordic banking markets and he knows NIB’s target customers very well. With Mr Wrangdahl on board, we are in an excellent position to deepen and expand our customer relations, especially in the Baltic Sea region,” says Henrik Normann, NIB President and CEO.

Harro Pitkänen has served as Acting Head of Lending since August 2010. Upon the appointment of Mr Wrangdahl, Mr Pitkänen will continue in his position as Senior Director, Head of Business Development & Control at NIB.

The Nordic Investment Bank (NIB) is the common international financial institution of the eight Nordic and Baltic countries. NIB provides long-term financing to the energy, environmental, transport, logistics and communications, and innovation sectors for projects that strengthen competitiveness and enhance the environment. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor's and Moody's.

For further information, please contact

Henrik Normann, NIB President and CEO, at +358 10 618 001,

Thomas Wrangdahl, Wrangdahl Consulting AB, at +46 76 765 3939

Jukka Ahonen, Director, Head of Communications, at +358 10 618 0295,