NIB has provided a 7-year-maturity loan totalling EUR 18 million to Vaskiluodon Voima Oy for the construction of a gasification-based bioenergy plant in Vaasa, Finland. Vaskiluodon Voima is building the new plant in order to decrease the use of coal in energy production.
On 23 January, NIB launched an upgraded website as a response to a growing demand for strengthening corporate communications on the internet.
The Board of Directors of the Nordic Investment Bank has appointed Henrik Normann (Denmark) President and Chief Executive Officer of the Bank. Mr Normann will take up his appointment on 1 April 2012. He will succeed Mr Johnny Åkerholm (Finland), who has been President and CEO of NIB since April 2005.
NIB and the leading consulting engineering company Ramboll Gruppen A/S have signed a loan agreement for financing Ramboll's acquisition of the British consulting company, Gifford.
A loan has been agreed with Elisa Corporation for the expansion of the company’s 3G and broadband networks.
NIB and the Norwegian energy company Østfold Energi have signed a loan for financing investments in wind and hydropower production, and district heating plants.
NIB has provided a loan to Thy-Mors Energi for a five-year investment programme aimed at improving the operating security of the electricity distribution network.
NIB will temporarily increase its lending activities in response to the effects of the financial crisis in its member countries. A new lending facility, the NIB Refinancing Facility (NRF), of EUR 500 million has been created for this purpose.
NIB has provided a 14-year-maturity loan totalling EUR 91 million for financing of the E18 Koskenkylä–Kotka motorway in Finland.
NIB has provided a loan to the Municipality of Gävle for the financing of infrastructure projects in the Swedish Port of Gävle.