17 Feb 2011

NIB’s increased capital base now in force

NIB’s authorised capital totals EUR 6,142 million as of 16 February 2011. The decision of the Board of Governors to increase the capital base came into force after all member countries confirmed the increase.

The Nordic Investment Bank’s authorised capital totals EUR 6,142 million as of 16 February 2011. The decision of the Board of Governors to increase the Bank’s capital base by EUR 2 billion came into force after all member countries confirmed the increase.

“With the increased capital NIB is better equipped to assist the Nordic and Baltic countries in supporting competitiveness and protecting the environment,” says Johnny Åkerholm, President and CEO of NIB.

“The Bank will continue to expand at more or less the same pace as in the last few years, and finance projects which have a high compliance with the mandate.”

The capital increase has been allocated to the callable portion of the authorised capital stock. NIB’s capital structure after the new subscription is available here.

The decision to increase the authorised capital was taken by the Board of Governors, NIB’s highest decision-making body, in June 2010 (see also press release). The next assessment of the Bank’s capital requirement is scheduled for 2015.