much on references to primary sources . please improve this by adding secondary or tertiary sources . june 2011 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . august 2014 learn how and when to remove this template message logo of the nordic investment bank . the nordic investment bank nib is an international financial institution founded in the mid 1970s by the five nordic countries denmark finland iceland norway and sweden . in 2005 estonia latvia and lithuania became members of the bank . nib s headquarters are located in helsinki finland . nib acquires the funds for its lending by borrowing on the international capital markets . nordic investment bank offices in helsinki . contents 1 strategy 2 structure and management 3 legal framework 4 cooperation 5 nordic finance group 6 external links strategy edit to improve competitiveness of its member countries the nib financed projects support productivity growth through technical progress and innovation development of human capital improvements in infrastructure increased market efficiency in terms of the environment nib lends to projects that lead to improved resource efficiency development of a competitive low carbon economy protection of the environment and its ecosystem services development of clean technology nib has a significant environmental loan portfolio outside its member countries including the baltic sea and barents regions . projects considered for financing are viewed from a sustainable growth perspective . nib analyses their impact on competitiveness and the environment as well as their indirect effects on the economy and society . nib acquires the funds for its lending by borrowing on international capital markets . the bank s bonds enjoy the highest possible credit rating aaa aaa with the leading rating agencies standard & poor s and moody s. structure and management edit members of nib in 2005 each member country designates a governor to the bank s board of governors which is the supreme decision making body . the control committee is the bank s supervisory body . the board of directors makes policy decisions concerning the operations and approves the financial transactions proposed by nib s president . nib s president is responsible for the conduct of the current operations of the bank . the president is assisted in his or her work by the executive committee asset and liability committee credit committee finance committee and ict council . the bank has some 180 employees from all the member countries . nib has its headquarters in helsinki finland . the bank s official languages are english and swedish . nib promotes transparency predictability accountability responsibility and disclosure as general principles enhancing and furthering good governance . legal framework edit nib is governed by its constituent documents namely the agreement among its member countries and the statutes as well as the headquarters 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 . cooperation edit nib places great importance on its cooperation with other financing institutions . the bank s aim is to create added value for its customers by supplementing other sources of finance with long term loans and guarantees . nib cooperates and cofinances projects with other international financial institutions and regional multilateral banks as well as with public and private sector lenders such as export credit institutions development cooperation authorities and commercial banks . nib belongs to the nordic finance group consisting of four international financial institutions located together in helsinki finland . nib channels its financing to small and medium sized enterprises through local intermediaries . nib participates actively in the northern dimension environmental partnership ndep . as regards environmental cooperation nib has also signed the declaration european principles of the environment together with four other european international financial institutions . nib hosts the secretariat of the northern dimension partnership on transport and logistics ndptl established in 2009 . nib has established cooperation with international financial institutions such as the asian development bank adb ; the african development bank afdb ; the council of europe development bank ceb ; the european bank for reconstruction and development ebrd ; the inter american development bank idb ; as well as the ibrd ida and ifc within the world bank group . furthermore nib has cooperation agreements with three regional multilateral banks the black sea trade & development bank the central american bank for economic integration cabei and the andean development corporation caf . through these institutions nib can operate also in countries where it has no agreement on financial cooperation . nordic finance group edit nib is part of the nordic finance group consisting of four international financial institutions located in the same block in helsinki finland . the institutions within the group offer different types of financing and competences . in addition to nib the following institutions belong to the group nordic development fund ndf main article nordic development fund ndf is a multilateral development finance organisation providing grant financing for climate projects in poor developing countries . nordic environment finance corporation nefco nefco is a risk capital institution financing environmental projects in central and eastern europe . nordic project fund nopef nopef is an organisation that works to strengthen the international competitiveness of small and medium sized enterprises by providing loans on favourable terms for cofinancing feasibility studies . ndf nefco and nopef are owned by the five nordic countries . external links edit nordic investment bank website ndptl website retrieved from https en.wikipedia.org w index.php title nordic investment bank & oldid 702798631 categories supranational banksmultilateral development banksinternational banking institutionsnordic organisationshidden categories articles lacking reliable references from june 2011all articles lacking reliable referencesarticles with a promotional tone from august 2014all articles with a promotional tone navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages danskeestifran ais slenskaitalianolatvie ulietuvi norsk bokm lpolski suomisvenska edit links this page was last modified on 1 february 2016 at 19 08 . text is available under the creative commons attribution sharealike license ; 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