Henrik Normann

NIB President: Investment needs require innovative financial solutions

The Baltic Sea Region is part of a competitive world. We need high-quality infrastructure, a closely integrated energy sector, an intelligent transport system. The region’s green growth that depends on the wellbeing of the eco-technology sector faces the problem of capital constraints. This creates a need for innovative financial solutions.



UPM refinery

UPM taps into renewable diesel

Finnish forest industry company UPM-Kymmene Oyj is developing its business to create more with less. The company's innovative product, the renewable diesel made of crude tall oil residue from pulp mills, can be used in any diesel-driven engine and will contribute to reaching the European Union’s 2020 targets. A new biodiesel refinery in Lappeenranta, eastern Finland, shows the magnitude of the investment into the new forest industry product.



Landsvirkjun: New hydropower plant fills in for missing link

Icelandic Landsvirkjun is expanding its production capacity. The company’s intention with Buðarháls, the sixth hydropower plant on the Þjórsá-Tungnaá river system, is to harness the river while leaving as small an environmental footprint as possible.



NIB finances Cargotec’s mooring and loading system unit

NIB has provided a EUR 50 million loan, with a tenor of eight years, to Cargotec Corporation in Finland to finance the acquisition of the mooring and loading system unit from the Norwegian firm Aker Solutions.

Baltic Sea Fund


NIB congratulates the Baltic Sea Fund on its 25th anniversary

The Baltic Sea Fund was founded in 1989 to promote research and protect the marine environment. “The main reason for us to support the Fund is to help foster a network of industries, academia and politicians with an interest in restoring the ecological status of the sea,” says Johan Ljungberg, Head of Sustainability & Mandate at NIB.



Funding highlights


Funding highlights

Monthly updated coverage of NIB's funding operations: funding targets, reports on transactions and graphs.

See also:

Funding transactions

USD benchmark


NIB’s 5-year USD benchmark issue successfully placed

“NIB benchmarks have become a collector’s item, offering the right combination of scarcity, credit quality and ongoing liquidity. Hence they achieved the best pricing for a supranational in the 5-year bucket in 2014,” said P. J. Bye, Global Head of Public Sector Syndicate at HSBC, after the bond was priced in April.



Morten Rasch


Arctic researcher: Polar ice is melting–adapt to it

The silence of the lonely Arctic desert will not be there for much longer. “The polar ice is melting and we can’t stop it. We need to adapt to climate change and take advantage of the opportunities for sustainability it brings”, says Dr Morten Rasch, scientific leader at the Arctic Research Centre in Aarhus, Denmark.

Hermanni Backer


HELCOM: Full steam ahead for greener shipping in the Baltic Sea

In October 2013, the Baltic Sea countries agreed on new targets to fight eutrophication of the marine environment and promote greener and safer shipping in the Baltic Sea. Hermanni Backer, the Maritime Professional Secretary at HELCOM, explains how these Copenhagen decisions on shipping have already sparked some follow-up actions.


Agreed Loans

6 May 2014 Cargotec Corporation EUR 50 million Finland



3-4 Jun



NIB at Baltic Development Forum Summit


16 Jun



Financial information Jan-Apr 2014

Annual Review 2013


Annual Review 2013

Highlights and figures of NIB's operations last year in Annual Review 2013 available for download.


Download in PDF (1.6mb)

Annual report 2013


Annual Report 2013

A complete account of NIB's operations and financial results for 2013 in the Annual Report available for download.


Download in PDF (2.9mb)


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