22 Mar 2024

Tune in the press briefing: outcomes of the NIB Board of Governors meeting

On Friday 22 March, NIB will hold the annual meeting of the Board of Governors in Tallinn. Tune in the press briefing to hear about the outcomes – the webcast starts at 12:30 EET.

The eight Nordic-Baltic member states are represented in the Board of Governors, which is the Bank’s supreme decision-making body. The meeting in Tallinn will be hosted by Mart Võrklaev, Chair of the Board of Governors, Minister of Finance of Estonia.

It will be the first time NIB Governors meet in person since Vilnius 2013. They will discuss how the Bank can best assist them in the current context where the regional cooperation by the Nordic-Baltic owner countries is gaining momentum. The Governors will also decide on the dividend payment to the owner countries based on the Bank’s 2023 results.

Before the meeting, NIB will also arrange a “Stronger together – the new geopolitical reality and its impact on the NordicBaltic region” seminar to bring together NIB’s decision-making bodies and distinguished speakers—President of Estonia Alar Karis, Secretary General of the Nordic Council of Ministers Karen Ellemann, President & CEO of Ericsson Börje Ekholm—for discussions.

After the meeting, a press briefing will be held. We invite you to follow the briefing online to hear what the Chair of Board of Governors Mart Võrklaev, Member of the Board of Governors and Minister of Finance and Economic Affairs of Iceland Thórdís Kolbrún Reykfjörd Gylfadóttir, and NIB’s President and CEO André Küüsvek have to say about the Bank’s impact and value-add in the Nordic-Baltic region in the current circumstances.

NIB in 2023

Last year, NIB saw a continued demand for its long-term lending, enabling the Bank to prioritise projects with high impact and additionality. In 2023, NIB opened a new office in Riga, launched a Climate Strategy, and continued to develop its product offering.

The net profit was EUR 251 million. NIB’s Board of Directors is proposing to distribute EUR 63 million in dividends to the Bank’s Nordic and Baltic member countries. Read more about our year.

Board of Governors

The Board of Governors is responsible for, among other things, matters concerning NIB’s Agreement, Statutes and authorised capital. The Board of Governors also approves the annual report of the Board of Directors and the audited financial statements of the Bank.

Each member country appoints a member of its respective government to the Board of Governors. The chairmanship rotates among the member countries. Read more.

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.