3 Aug 2020
EUR 60 million
Industries and services
NIB’s Nordic and Baltic owner countries have updated the Bank’s Statutes. The updated Statutes are in force as of 29 July 2020.
“The banking world has changed immensely during the last ten years. By modernising the Statutes, we have adapted to the developments and secured our strong position for the future. The changes will ensure continued adherence with sound banking principles and help us to maintain our support for the sustainable growth of the Nordic and Baltic countries,” says Henrik Normann, NIB President & CEO.
The statutory changes expand NIB’s financing capabilities and ensure efficient control of its operations. The more agile framework increases NIB's flexibility and allows for more efficient allocation of financing to projects that improve productivity and benefit the environment.
Sound and comprehensive policies for capital and risk management ensure bondholders that NIB also in the future will maintain the highest possible issuer credit rating and obtain funds from the capital markets on advantageous terms, which is essential for the implementation of the mandate.
Live presentation about the updated statutes and its implications will be held on Tuesday, 1 September, 14.00 EET — click here to register for the webcast.
For more information on the statutory changes, please see: