NIB Nordic Investment Bank
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Legal framework and policy documents

NIB is governed by its constituent documents, namely the Agreement among its member countries and the Statutes, as well as the Host Country Agreement concluded between NIB and the Government of Finland. These establish that NIB is the member countries' common international financial institution, having the same status as other legal persons conducting similar operations within and outside the member countries. 

Furthermore, the constituent documents stipulate that NIB has the status of an international legal person with full legal capacity, define the immunities and privileges of the Bank and its personnel and set out the structure for the governance of the Bank. In addition to the constituent documents of the Bank, NIB's activities are governed by a number of policies, guidelines and instructions adopted by the Board of Directors or the President.

 

The following documents are publicly available:

 

Constituent documents

Constituent Documents: Agreement on NIB, Statutes, and Host Country Agreement
Statutes, Section 9: Up-to-date figures on the member countries’ total guarantee liability

Governance-related documents

Code of Conduct for the Control Committee
Code of Conduct for the Board of Directors and the President
Rules of Procedure of the Board of Governors
Rules of Procedure of the Board of Directors
Rules of Procedure for the Control Committee

Policies and guidelines

Compliance, integrity and anti-corruption policy 
European principles for the environment 
IFI framework for a harmonised approach to greenhouse gas accounting 
IFI uniform framework for preventing and combating fraud and corruption
Integrity due diligence policy
Investigation and enforcement policy
Liquidity policy
Mission, strategy and values
Operational risk management policy
Policy on handling inside information and prevention of market abuse
Procurement guidelines for projects financed by NIB
Procurement guidelines for projects financed by grants from trust funds administered by NIB
Public information policy
Risk Management Policies
Speaking-up and whistleblowing policy
Sustainability policy and guidelines

Staff-related documents

Overview of the legal framework for the staff
Arbitration regulations
Code of conduct for the staff
Rules for the Ombudsman
Staff regulations
Statutes for the Cooperation Council