NIB’s mission is to finance projects that improve competitiveness and the environment of the Nordic and Baltic countries. NIB only finances specific projects that fulfil its mission.
In 2015, NIB signed 45 new loan agreements and reviewed all its loan projects. The reviews entail assessment of mission fulfilment, including socioeconomic and environmental aspects. Loans achieving a “good” or “excellent” mandate rating accounted for 94% of the total amount of lending.
The majority of the environmental loans were related to projects aimed at climate change mitigation in the member countries. Competitiveness-based loans mainly supported investments in R&D, infrastructure and energy.