NIB Nordic Investment Bank


27 Oct 2017

NIB funds new hospital in Kainuu, eastern Finland

Kainuun sote
Visualisation: Kainuu Social and Health Care Authority

NIB and Kainuu Social and Health Care Authority have signed a 30-year loan agreement of EUR 76 million for the construction of a new central hospital of Kainuu region in eastern Finland.

The loan will finance the construction of the main hospital building and a logistics terminal. The new campus will replace a hospital built in 1969. A small part of the old building will be renovated, while the rest will be demolished. Further, although the new hospital complex will have a larger gross area than the existing facilities, the overall energy use will decrease by at least 25%.

“The investment will help Kainuu regional hospital introduce state-of-the-art healthcare models and increase productivity, while reducing costs, also due to better energy efficiency”, says Henrik Normann, NIB President.

Construction started at the beginning of 2017 and is scheduled to be completed in 2021. The budget of the construction project totals EUR 153 million.

Kainuu Social and Health Care Authority is a public regional organisation that provides social and health services in the Kainuu region in eastern Finland.

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

Kainuu Social and Health Care Authority

Ms Maire Ahopelto, Head of the Authority, at +358 44 777 3033


Mr Olli Lempiäinen, Senior Manager Origination, at +358 10 618 0525,

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

  • AR2016


NIB story in one minute

Click to watch an animation of the "NIB story", a brief narrated presentation of the Bank's activities and how they contribute to fulfilling its mission.

20 Nov 2017

NIB-financed Helsinki–Espoo metro line launched in Finland

On 18 November, the Helsinki city transport operator HKL launched a 14-kilomtre extension of Helsinki metro line into the city of Espoo.

18 Nov 2017

NIB funds advanced metering and power grid upgrades in Norway

A loan to the Norwegian regional utility Glitre Energi AS will finance the roll-out of an advanced smart metering system and regional and distribution power grid upgrades.

16 Nov 2017