Questions & answers
Who owns NIB?
NIB is owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden.
Can a private person apply for a loan from NIB?
No, NIB does not offer loans to private persons.
Who can get a loan from NIB?
NIB provides long-term loans to public and private companies and the public sector in and outside the Bank’s member countries. Financing for small and medium-sized companies is channelled through intermediaries.
What kinds of projects do you finance?
NIB finances economic activities that strengthen the competitiveness, sustainability and resilience of the Nordic-Baltic region. This includes investments in innovation and technological progress, human capital and equal socioeconomic opportunities, climate change mitigation and adaptation, transition to a circular economy, restoration of biodiversity and ecosystems, critical infrastructure and energy security, resilient supply chains and resource availability, defence and security capabilities. Financing for small businesses is channelled through intermediaries.
How can I apply for a loan from NIB?
Loan proposals are directed to NIB’s Lending Department. There are no formal requirements for a loan proposal. Read more about the process here.
How is a loan decision made at NIB?
A decision to grant a loan is made by the Board of Directors, after preliminary approval by the Mandate, Credit and Compliance Committee. NIB’s President is authorised by the Board to make certain lending decisions.
Do you award grants or financial aid?
NIB does not award grants or financial aid.
Do you finance SMEs and small midcaps?
NIB directs financing to SMEs and small midcap companies through financial intermediaries.
Do you pay attention to environmental aspects of projects financed?
Yes, NIB assesses sustainability aspects, including environmental, climate and social aspects, when evaluating an economic activity for potential financing..
Does NIB compete with commercial banks?
NIB finances the same types of projects as commercial banks do, but our work is based on cooperation. We complement other available financing sources and add value through its long-term financing and status as an international financial institution.
How can I apply for a job or a trainee position at NIB?
NIB’s vacancies are announced on Careers page and often advertised or promoted on jobseeking sites and on social media.
Where does NIB have offices?
NIB’s headquarters are located in Helsinki, Finland. The Bank also has a regional hub in Riga, Latvia.