NIB-financed high-tech hospital inaugurated in Estonia

On 11 December, new hospital premises financed with a NIB loan were inaugurated at the North Estonian Medical Centre in Estonia’s capital Tallinn.

The new hospital section is a five-floor modern facility for innovative diagnostic and medical treatment. The new section houses emergency medicine, operation and recovery compound, intensive care, radiology, nuclear medicine and radiotherapy.

“NIB supports balanced and sustainable growth in Estonia, which became a NIB member country in 2005,” said Gunnar Okk, Vice-President of NIB, at the opening of the new hospital premises.

“We regard the support given to the modernisation of the country’s social infrastructure as part of the Bank’s mandate. A strong social infrastructure is one of the key prerequisites for better living standards and the competitiveness of the country’s economy.”

NIB has co-financed the construction of the North Estonian Medical Centre’s new diagnostic and treatment centre with a loan totalling EUR 32 million. The North Estonian Medical Centre is the largest regional hospital in the country. This project is one of the cornerstones in the upgrade of Estonia’s health care network infrastructure.

The Nordic Investment Bank is the common international financial institution of the eight Nordic and Baltic countries. NIB provides long-term financing to the energy, environmental, transport, logistics and communications, and innovation sectors for projects that strengthen competitiveness and enhance the environment. NIB has the highest possible credit rating, AAA/aaa, with the leading rating agencies Standard & Poor’s and Moody’s

For further information, please contact

Gunnar Okk, Vice-President, at +358 10 618 001,

Kersti Talving, Senior Manager Origination, at +358 40 821 6599,