27 Mar 2020
NIB prepared to increase lending to Nordic–Baltic region
NIB is ready to increase its lending to support economic activity and help companies in dealing with the serious consequences caused by the coronavirus Covid-19 pandemic.
As the international financial institution of the Nordic and Baltic countries, NIB finances projects that improve the productivity and benefit the environment of the region. The Bank also has a stabilising role during economic crisis.
As called upon by our Nordic and Baltic owner countries, NIB loans will be made available to member countries and sustainable businesses, which are facing short-term liquidity problems due to the crisis. NIB will stand ready to extend loans to financial intermediaries for on-lending to small and medium-sized companies as well as to provide direct financing to larger businesses.
“NIB provides long-term financing to projects promoting sustainable growth. In a time of economic crisis, the Bank’s financial strength allows us to increase our lending,” says Henrik Normann, President & CEO of the Nordic Investment Bank. “We are in dialogue with our member countries and clients to support them in this economic crisis.”
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 Henrik Normann, President & CEO, at +358 10 618 001, email@example.com
Mr Thomas Wrangdahl, First Vice-President, Head of Lending, at +358 10 618 0226, firstname.lastname@example.org
Mr Jukka Ahonen, Senior Director, Head of Communications, at +358 10 618 0295, email@example.com