NIB in Latvia
NIB has been operating in Latvia since 1995, providing approximately EUR 1.6 billion in financing to more than 125 projects in the country.
Latvia joined NIB in 2005 with the other Baltic countries. In 2023, NIB opened a new office in Riga to bring the Bank closer to its Baltic stakeholders. Some of NIB’s latest financed projects in Latvia are Rigas Siltums’ and Latnevergo’s investment programmes, Preses Nama kvartāls developments, and the Ķekava bypass road project.
In recent years, NIB has financed infrastructure, energy and transport projects in Latvia, mainly supporting companies in the public sector.
Looking ahead, NIB’s strategy will pivot more towards a stronger focus on the green transition and collaboration with privately owned companies.
| Member country | Credit rating* | Authorised capital | Country's share |
|---|---|---|---|
| Denmark | Aaa/AAA | 1,763,074,493.79€ | 21.1% |
| Estonia | A1/A+ | 76,651,259.81€ | 0.9% |
| Finland | Aa1/AA+ | 1,482,690,785.19€ | 17.7% |
| Iceland | A2/A+ | 79,132,913.42€ | 0.9% |
| Latvia | A3/A | 111,830,807.21€ | 1.3% |
| Lithuania | A1/A | 163,231,714.80€ | 2% |
| Norway | Aaa/AAA | 1,799,704,941.30€ | 21.5% |
| Sweden | Aaa/AAA | 2,892,527,558.59€ | 34.6% |
| Total | 8,368,844,474.11€ | 100.0% |
