NIB Nordic Investment Bank


7 Sep 2015

NIB allocates EUR 500m for Arctic lending facility

High North 

NIB is launching an Arctic Financing Facility with a framework of up to EUR 500 million in loans for projects in the High North.

“NIB’s member countries are paying increased attention to the sustainable development of the Arctic region. Launching the new facility reflects the priorities of the Bank’s member countries”, says Henrik Normann, NIB President & CEO.

“The High North needs investments, for example, in the energy sector, transport, and SMEs with a very good understanding of the region’s special environmental circumstances. We hope that the new facility will provide the kind of input necessary to address the pressing needs of the region.”

The financing of Arctic projects will be developed as part of Bank's ongoing lending activities. NIB will provide financing for investments to support the Arctic strategies launched by the Bank’s member countries. The most likely types of projects eligible for NIB financing would be in the construction of railways, roads, and ports, as well as the development of renewable and biomass power generation and transmission capacity.

NIB has a long experience in financing projects in the Arctic region. NIB is also participating in two Northern Dimension partnerships—the environmental partnership (NDEP) and the partnership on transport and logistics (NDPTL)—which are developing project pipelines in their respective areas, with a strong focus on the Arctic region.

The new Arctic Financing Facility will focus on selected priority investments to be identified.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact
Mr Harro Pitkänen, Deputy Head of Lending, at +358 10 618 0246,
Mr Jukka Ahonen, Head of Communications, at +358 10 618 0295,

  • AR2017


NIB finances ambulance helicopter service network in Sweden

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

Category A project for disclosure

In accordance with its Sustainability Policy and Guidelines, NIB publishes information on the planned expansion of the Port of Ystad. The information is available for 30 days starting from 17 April 2018.

16 Apr 2018

NIB and SG Finans launch third SME leasing facility in Norway, partly Arctic

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