Iceland founded NIB together with the other Nordic countries in 1975. Some of NIB’s latest financed projects in the country include R&D investments for prosthetics and bracing supports, on-lending to SMEs and small-scale environmental projects and the replacement of overhead electricity lines with underground cables.
Start of operations: 1977
Projects financed: over 220
Amount financed: ∼EUR 2.5 billion
In recent years, NIB has especially supported the utilities and financials sector, which includes companies such as Isavia, Rarik, Íslandsbanki, Össur and Landsnet. NIB’s loans have funded projects in fields such as energy, on-lending, and infrastructure.
Looking ahead, NIB aims to continue to support the green transition and accelerate renewable energy generation.
Authorised capital
Member country | Rating* | Authorised capital | Country’s share |
| Denmark | Aaa/AAA | 1,763,074,493.79€ | 21.1% |
| Estonia | A1/AA- | 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 | A2/A+ | 163,231,714.80€ | 2.0% |
| 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% |
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Stéfan Jón Friðriksson
