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NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s.

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NIB finances electricity and water infrastructure upgrades in Borlänge, Sweden

· NIB and the Municipality of Borlänge have signed a SEK 250 million 15-year uncommitted credit facility to co-finance utility infrastructure investments. ·The project includes an investment programme for electricity grids, as well as investments in drinking water and wastewater networks. ·The financing would be on‑lent to Borlänge Energi, the municipal utility company responsible for implementing the projects.     The electricity grid investment programme for 2025–2029 focuses on renewing, reinforcing and expanding Borlänge’s distribution network. By laying around 55

NIB Governors approve EUR 86 million dividend payment

On 25 March 2026, the Board of Governors approved the Nordic Investment Bank’s annual accounts for 2025 and a dividend payment of EUR 86 million to its Nordic and Baltic member countries.In 2025, NIB disbursed EUR 3.9 billion in new financing, increasing financing outstanding to EUR 24,089 million, a 2.2% increase from 2024. The Bank achieved high mandate fulfilment, with 98.1% of disbursed funds allocated to projects rated as “good” or “excellent” for their impacts on the environment and/or productivity. The largest share of disbursed lending was directed to R&D programmes, energy

NIB finances production and logistics facilities for Snellman Group in Finland

· The Nordic Investment Bank (NIB) has signed a 7-year EUR 30 million loan with Oy Snellman Ab, parent company for Snellman Group. · The loan will finance new production facility and planned dispatch facility in Western Finland. · The investment supports the increased capacity, automation and energy efficiency of Snellman Group’s operations.   The loan will be used to co-finance investments in a new pet food factory in Pedersöre and a planned new dispatch logistics centre at Snellman Group’s food production facility in Pietarsaari.The new facilities will replace existing

NIB finances battery storage addition to solar park in Denmark

· The Nordic Investment Bank (NIB) has signed a 11-year, EUR 21.5 million loan with Solar Park Kvosted. · The investment will co-finance the construction and operation of a 50MW/200MWh battery energy storage system (BESS) at Solar Park Kvosted in Denmark. · The project, in Viborg Municipality in Central Jutland, is owned by European Energy A/S and is supported by the InvestEU programme.   The loan will enable Solar Park Kvosted ApS to transform its existing 100 MWp solar PV park into a hybrid facility by adding a large-scale battery system, making it one of the largest of its

NIB finances fibre rollout in Denmark

The Nordic Investment Bank (NIB) and TDC NET A/S have signed a 7-year EUR 50 million loan to finance the company’s fibre broadband network rollout investments during 2025–2027, primarily in the Greater Copenhagen area. The financing will help meet the growing demand for high-speed broadband and support Denmark’s digital infrastructure. The investment will expand fibre-to-the-premises coverage and increase activation. Enhanced connectivity supports businesses with cloud, automation and e‑commerce solutions, while households benefit from reliable access to remote work, education and public

NIB funds new Central Station district in Gothenburg

The Nordic Investment Bank (NIB) has signed a 10-year loan of SEK 500 million (approx. EUR 46 million), with an option for an additional SEK 1 billion (approx. EUR 92 million), with Jernhusen AB to finance two station-connected buildings—Park Central and Grand Central—in Gothenburg. Both buildings target BREEAM Outstanding certification and will expand capacity and combined transport connectivity at one of Sweden’s busiest rail hubs.The projects form part of Gothenburg’s Centralstaden redevelopment to relieve capacity constraints at the historic Central Station. The new buildings will

NIB finances Kemira’s new biomaterials production facility in Finland

· The Nordic Investment Bank (NIB) is financing Kemira with a EUR 50 million loan to build a new biomaterials production facility in Finland. The term of the loan is 10 years. · Kemira and International Flavors & Fragrances (IFF) have joined forces to produce renewable biobased products on a commercial scale. Kemira’s role in the collaboration is to co-develop and commercialise a range of new biobased and biodegradable products across Kemira’s key product lines. Kemira and IFF are jointly investing in a commercial-scale plant at IFF’s site in Finland to produce bio-based products,

NIB finances large-scale wind farm in Latvia

The Nordic Investment Bank (NIB) has signed a 16-year loan with Ltd. WPR2 for the construction and operation of a 112 MW wind farm in Latvia. The EUR 28 million loan supports the country’s transition to clean energy and is eligible under the InvestEU Clean Energy Transition Framework.  The financing will support “Project Simpson”, a greenfield wind energy development located in Smiltene, northeastern Latvia. Once operational, the wind farm is expected to generate approximately 283 GWh (P90) annually and will contribute to significant CO₂ reductions.João Neto, Investment Director at

NIB backs infrastructure upgrades at Lithuanian airports

The Nordic Investment Bank (NIB) and Lithuanian Airports have agreed on a loan of EUR 20 million for the company’s 2025–2028 investment plan. The investments aim to enhance operational efficiency and strengthen Lithuania’s aviation sector’s long-term development.A significant share of the financing will go towards constructing a multi-level parking facility at Vilnius Airport, which will help ease passenger flow and improve accessibility. In addition, the company will upgrade its ground transport fleet by acquiring new loaders, tractors, snow removal vehicles, sweepers, and other equipment

NIB finances egg production expansion in Latvia

The Nordic Investment Bank (NIB) and the Latvian JSC Balticovo have signed a EUR 30 million loan agreement for the company’s sustainable production capacity expansion. The loan is supported under the InvestEU programme.  The ten-year maturity loan supports Balticovo’s investments in the construction of aviary production houses and rearing poultry houses, as well as a new egg-sorting line. Through these investments, the company’s production capacity is expected to increase by almost 50%.  “Our long-term financing is essential for a mid-cap company to diversify funding sources and

NIB finances sustainable residential development in Finland

The Nordic Investment Bank (NIB) has signed a 10-year loan agreement with Joo Group Oy to support the construction of new residential buildings with LEED Platinum certification in Turku and Kirkkonummi, Finland.The EUR 18.3 million loan will finance the development of four residential buildings that are all completed in 2025. The total project cost amounts to EUR 40 million.The new buildings will add close to 300 rental apartments to Joo Group’s portfolio. The properties are located in Masala, Kirkkonummi and Pukkila, Turku where Joo Group already has a strong presence and local

NIB and CEB to co-finance University of Tartu’s academic and research buildings

The Nordic Investment Bank (NIB), the Council of Europe Development Bank (CEB) and the University of Tartu have agreed on up to EUR 100 million financing for the construction and renovation of the university’s academic and research buildings in Estonia.NIB’s financing of EUR 40 million and CEB’s loan of EUR 60 million are earmarked for: · the construction of the building complex in Maarjavälja, Tartu, that will host the staff and students of the University of Tartu Institute of Technology, Institute of Molecular and Cell Biology, Institute of Pharmacy, and Institute of Bioengineering;

NIB funds renovation of Söderhallarna in Stockholm

NIB has signed a 10-year loan agreement with Atrium Ljungberg AB to support its refurbishment and redevelopment of the Söderhallarna property in Stockholm, Sweden.   The SEK 860 million (approximately EUR 79.5 million) loan will finance Atrium Ljungberg’s project, which started in spring 2024 and is expected to be completed by early 2027. Once completed, the building will use 50% less energy.   Söderhallarna opened in 1992, and the building is recognised for its cultural and architectural value. The ground floor will remain as food markets and restaurants, while the upper floors

NIB opens public consultation on defence financing

The Nordic Investment Bank’s Board of Directors today approved the start of a 30-day public consultation on changes to the NIB Sustainability Policy Exclusion List. The proposed revision permits NIB to finance conventional weapons and ammunition, while excluding producers of controversial weapons.This decision follows a request by the Nordic and Baltic owner governments. In March 2024 the governments asked NIB to focus on mobilising finance for climate and nature, productivity and innovation, as well as consider ways to support security and resilience. Consequently, NIB updated its

NIB funds large-scale offshore wind power developments in the Baltic Sea

· Bałtyk 2 and Bałtyk 3 wind farms will each have a capacity of 720 MW. · The wind farms will produce enough power to supply around 2 million average Polish households and make up about a quarter of Poland’s 2030 installed offshore wind capacity target. · NIB’s EUR 126 million financing has a maturity of 26 years, providing long-term capital and a diversified funding base.The Nordic Investment Bank (NIB) will provide two 26-year loans of EUR 64 million and EUR 62 million, respectively, for the construction and operation of two large-scale offshore wind farms, Bałtyk 2 and Bałtyk 3 in

NIB finances ESL Shipping’s four dual-fuel cargo vessels

The Nordic Investment Bank (NIB) has signed a 10-year loan agreement with ESL Shipping Oy to finance the construction of four IA ice-classed Green Handy-sized ships. These ships are fully equipped to use fossil-free green methanol, although the actual use of green fuel will depend on end customer preference and availability. This investment reflects ESL Shipping's commitment to enhancing sustainability and reducing greenhouse gas emissions in the maritime sector.The EUR 45 million loan will co-finance the construction of the new vessels, which are expected to enter service between Q3 2027

NIB signs Arctic SME onlending facility with SpareBank 1 Helgeland

The Nordic Investment Bank (NIB) has signed a 5-year Arctic loan agreement with SpareBank 1 Helgeland for onlending to small and medium-sized companies (SMEs) and environmental projects in northern Norway.The loan aims to alleviate credit constraints for smaller companies, which are at a comparative disadvantage to facilitate productivity growth. SMEs and smaller mid-caps, which rely on bank financing, face greater challenges in accessing finance compared to large enterprises. Since these companies contribute significantly to aggregate output and employment in the member area, improved

Defence loan: NIB lends EUR 400 million for Lithuania’s resilience

The Nordic Investment Bank (NIB) and the Republic of Lithuania have signed a EUR 400 million uncommitted credit facility for national defence system investments during 2025–2027.The 20-year financing is earmarked for budgetary expenditures related to dual-use and infrastructure developments aimed at strengthening Lithuania’s defence capabilities. The investments include IT and cybersecurity enhancements, the purchase of transport and engineering equipment, vessels, and the modernisation of aircraft and helicopters. Moreover, the financing will support the development of residential,

NIB finances SSAB’s fossil-free steel mill in Sweden

The Nordic Investment Bank (NIB) has signed two 15-year loan agreements with global steel maker SSAB to co-finance the construction of a fossil-free steel mill in Luleå, Sweden. NIB is participating in a consortium of investors with a SEK 2.25 billion loan share, and a SEK 1.15 billion bilateral loan with SSAB.The total loans of EUR 3.4 billion (EUR 310 million) will be used to construct a facility with two electric arc furnaces, advanced secondary metallurgy, a direct strip rolling mill, and a cold rolling complex. The environmental benefits are substantial, as the transformation of

NIB signs loan agreement with Statkraft in Norway

The Nordic Investment Bank (NIB) has signed a 10-year loan agreement with Statkraft AS, Europe’s largest renewable power generator, to support its investment programme.   The USD 339 million (approximately NOK 3.5 billion) loan will finance Statkraft’s ongoing efforts to strengthen its renewable energy portfolio and maintain its leading role in sustainable power generation.   “We are pleased to support a key player in the renewable energy sector. Investments in sustainable power generation are crucial to ensuring a resilient and efficient energy infrastructure,” says Patrik

NIB supports Stockholm’s plan to become a carbon-neutral city

The Nordic Investment Bank (NIB) and Stockholm Exergi Holding AB (Publ) have signed a 10-year loan to fund Europe’s largest bio energy carbon capture and storage project in Stockholm, Sweden.   Stockholm Exergi has secured a SEK 2 billion (approx. EUR 176 million) loan from NIB to support the construction of Europe’s largest Bio Energy Carbon Capture and Storage (Bio-CCS or BECCS) facility. Construction is set to begin in 2025, with the facility expected to be operational during 2028.   BECCS is a technology that captures biogenic carbon dioxide (CO2) before it reaches the

NIB Governors approve dividend payment of EUR 76 million

On 25 March 2025, the Board of Governors approved the Nordic Investment Bank’s annual accounts for 2024, and a dividend payment of EUR 76 million to the Nordic and Baltic member countries.In 2024, NIB disbursed EUR 4.4 billion in lending, up from EUR 3.4 billion in the previous year. The net profit for 2024 amounted to EUR 256 million, up 2% from in 2023. This increase was mainly driven by core earnings, and the net interest income of EUR 332 million was the highest in the Bank’s almost 50-year history. In terms of sectoral composition, the largest disbursements in 2024 were to energy

NIB co-finances biogas production in Eskilstuna, Sweden

The Nordic Investment Bank (NIB) and Eskilstuna Biogas AB have signed a 18-year loan to co-finance the construction of a new biogas production plant in a facility near Eskilstuna, Sweden.The EUR 15 million loan is supported by the European Union under the InvestEU programme and is eligible under NIB’s InvestEU Framework Operation Green Mobility and Transport.   Eskilstuna Biogas was established with the aim of building and operating a greenfield biogas facility in Eskilstuna. The facility will produce liquefied biogas for use as fuel for city busses and ferries. The plant, currently

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