NIB in Iceland

NIB has been operating in Iceland since 1977, providing approximately EUR 2.5 billion (ISK 378 billion) in financing to more than 220 projects in the country.

Start of operations: 1977

Projects financed: over 220

Amount financed: ∼EUR 2.5 billion

In recent years, NIB has especially supported the utilities and financials sector, which includes companies such as Isavia, Rarik, Íslandsbanki, Össur and Landsnet. NIB’s loans have funded projects in fields such as energy, on-lending, and infrastructure.

Looking ahead, NIB aims to continue to support the green transition and accelerate renewable energy generation.

Authorised capital

Member country
Rating*
Authorised capital
Country’s share
DenmarkAaa/AAA1,763,074,493.79€21.1%
EstoniaA1/AA-76,651,259.81€0.9%
FinlandAa1/AA+1,482,690,785.19€17.7%
IcelandA2/A+79,132,913.42€0.9%
LatviaA3/A+111,830,807.21€1.3%
LithuaniaA2/A+163,231,714.80€2.0%
NorwayAaa/AAA1,799,704,941.30€21.5%
SwedenAaa/AAA2,892,527,558.59€34.6%
Total 8,368,844,474.11€100.0%
* Credit ratings by Moody’s and Standard & Poor’s as of 10 November 2023

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Contact us

Stéfan Jón Friðriksson

Country Lead for Iceland
+358 10 618 0512

Iiris Anttalainen

Associate Communications Officer
+358 10 618 0258

NIB in Denmark

NIB has been operating in Denmark since 1978.

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NIB in Estonia

NIB has been operating in Estonia since 1994.

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NIB in Finland

NIB has been operating in Finland since 1976.

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NIB in Latvia

NIB has been operating in Latvia since 1995.

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NIB in Lithuania

NIB has been operating in Lithuania since 1994.

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NIB in Norway

NIB has been operating in Norway since 1977.

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NIB in Sweden

NIB has been operating in Sweden since 1977.

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What we finance

Read more about the general conditions for granting loans, including purpose, scope, share and types of costs.

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How it works

See what the eligibility criteria are and what both your company and NIB can do to make this financing journey a success.

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