NIB Nordic Investment Bank


24 Oct 2017

NIB finances extension to North Karelia central hospital in eastern Finland

North Karelian regional hospital
North Karelian regional hospital in Joensuu, when ready. Visualisation: Siun Sote

NIB and Siun Sote, the joint municipal authority for North Karelian social and health care services, have signed a EUR 22.8 million loan agreement with a maturity of 23 years to finance the construction of an extension to the regional hospital in Joensuu, eastern Finland.

The extension, with a total floor area of 19,140 square metres, will be able to centralise emergency hospital under one roof. It will facilitate more efficient use of the available resources.

Expanding the North Karelia Hospital is a response to the ageing population and growing number of patients in the region. The total investment cost is approximately EUR 47 million. The new facilities are scheduled to be ready in March 2020.

“Siun sote - Pohjois-Karjalan sosiaali- ja terveyspalveluiden kuntayhtymä” was established in 2017 as a joint municipal authority for medical care, social and special services in 14 member municipalities in Finland’s North Karelia region, with a total population of 170,000 people.

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 Olli Lempiäinen, Senior Manager Origination, at +358 10 618 0535,

Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,

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