Operational risk is the risk of financial losses or damaged reputation due to failure attributable to technology, employees, procedures or physical arrangements including external events and legal risks.
NIB's operational risk management focuses on proactive measures in order to ensure business continuity and the accuracy of information used internally and reported externally. Furthermore, the aim is to ensure the expertise and integrity of the Bank's personnel and the staff's adherence to established rules and procedures. The operational risk management also focuses on security arrangements to protect the physical infrastructure of the Bank. The Bank attempts to mitigate operational risks by following strict rules for the assignment of duties and responsibilities among and within the business and support functions and by following a system of internal control and supervision. The main principle for organising work flows is to segregate business-generating functions from recording and monitoring functions. An important factor in operational risk mitigation is also the continuous development and upgrading of strategic information and communication systems.
A loan to Svensk Luftambulans will finance the merger of local airborne ambulance services in Sweden and the acquisition of new helicopters.
17 Apr 2018
It is expected that up to EUR 25 million of the facility will be used to finance SME leasing in Norway’s Arctic area.
22 Mar 2018
NIB will finance Eidsiva Energi's digital infrastructure projects in Norway during 2017-2021.
22 Mar 2018