Watch: outcomes of the NIB Board of Governors meeting

Watch the recording of the press briefing with the Chair of our Board of Governors and Minister of Finance of Estonia Mart Võrklaev, Member of our Board of Governors and Minister of Finance and Economic Affairs of Iceland Thórdís Kolbrún Reykfjörd Gylfadóttir, and NIB’s President & CEO André Küüsvek on the Bank’s impact and value-add in the Nordic-Baltic region in the current circumstances.

The Governors approved the Bank’s annual accounts for 2023 and a payment of EUR 63 million as dividends to the Nordic and Baltic owner countries in its annual meeting in Tallinn on 22 March. The Board also offered guidance for NIB’s priorities towards a sustainable, innovative and resilient Nordic-Baltic region. After the meeting, a press briefing was held.

“The fact that we gathered here today tells us that the member countries of the Nordic Investment Bank, which are the Nordic and Baltic countries, are today closer than ever. Our ties have always been strong but we clearly see that today’s geopolitical environment has further intensified the cooperation in the Nordic-Baltic region,” said the host of the meeting Minister Mart Võrklaev in his opening remarks.

“I am happy to note that NIB is one of the key contributors to the financing of green transition and productivity in the region. Last years have also witnessed a growth in loans in Iceland, very much focusing on renewable energy and infrastructure,” commented Minister Thórdís Kolbrún Reykfjörd Gylfadóttir.

After the comments from the Ministers, NIB’s André Küüsvek gave an overview of the three themes—climate and nature, productivity and innovation, security and resilience—which were identified as the most critical focus areas by the Board of Governors during the meeting.

Watch the recording of the press briefing:

The eight Nordic-Baltic member states are represented in the Board of Governors, which is the Bank’s supreme decision-making body. The meeting in Tallinn was the first in person since Vilnius 2013.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.