Member countries' guarantees for environmental investment loans and environmental investment guarantees

Läs på svenska

Section 9 of the Statutes of the Nordic Investment Bank — up-to-date figures on the Member countries’ total guarantee liability

Loans made and loan guarantees issued for environmental investments in the neighbouring region of the Member countries may, if so determined by the Board of Directors, be designated special environmental investment loans or environmental investment guarantees.

The Member countries shall cover 100 per cent of the Bank’s losses arising from failure of payment in connection with environmental investment loans and environmental investment guarantees up to the following amounts[1]:

Denmark EUR 63,201,359
Estonia EUR 2,747,736
Finland EUR 53,150,377
Iceland EUR 2,836,697
Latvia EUR 4,008,826
Lithuania EUR 5,851,407
Norway EUR 64,514,460
Sweden EUR 103,689,138

Payment is subject to call by the Board of Directors pursuant to agreements entered into between the Bank and each Member country.

[1] As of 2 July 2016 the Member countries cover 100 per cent of the Bank’s losses from failure of payment in connection with environmental loans and environmental investment guarantees (and thereto related costs) up to the following amounts:

Denmark EUR 56,078,768.73
Estonia EUR 2,438,075.24
Finland EUR 47,160,499.42
Iceland EUR 2,517,010.12
Latvia EUR 3,557,044.24
Lithuania EUR 5,191,972.10
Norway EUR 57,243,887.05
Sweden EUR 92,003,704.08
Total EUR 266,190,960.99

It is to be noted that the above presented figures may vary from time to time due to possible payments by the Member countries on the guarantees or due to possible retrieved funds from a defaulted borrower that are allocated back to the Member countries. Up to date figures are at all times presented on this official website address of NIB.

Legal framework and policy documents