NIB in Lithuania

This is NIB

x  International Financial Institution of the Nordic and Baltic countries

x  Long-term lending in member countries and selected non-member countries

x  The Bank complements commercial lending

x  Funds acquired on international capital markets

x  AAA/Aaa issuer credit rating

x  Based in Helsinki

x  Founded by the Nordic countries in 1975, the Baltic countries joined in 2005

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Ownership structure

Sweden 34.6%

Norway 21.5%

Denmark 21.1%

Finland 17.7%

Lithuania 2.0%

Latvia 1.3%

Iceland 0.9%

Estonia 0.9%

The Bank's member countries have subscribed to its authorised capital in proportion to their gross national income.

Authorised capital was EUR 6,142 million as of 31 December 2014.

The latest decision to increase the capital by EUR 2,000 million was taken by the Board of Governors in 2010 and was set to enter into force once the necessary national procedures in the member countries had been completed.

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Vision and mission

x  Our vision is a prosperous and sustainable Nordic-Baltic region

x  Our mission is to finance projects that improve competitiveness and the environment of the Nordic and Baltic countries.

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Lending in member countries

Loans outstanding as of 31st December 2014: EUR 12.4 billion

A well-diversified portfolio

Geographical distribution

Estonia 2%

Finland 24%

Iceland 4%

Latvia 3%

Lithuania 4%

Norway 21%

Sweden 31%

Denmark 12%

Sectoral distribution

Industries and services 41%

Energy and environment 32%

Infrastructure, transport and telecom 21% Financial institutions and SMEs 6%

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Lending in Lithuania, 30.9.2015

Customer Loan Amount, in million EUR

Amber Grid AB 25 Klaipedos Nafta AB 35 Lesto AB 6 Lithuanian Railways 200 Litgrid AB 68 Republic of Lithuania 214 Klaipeda State Seaport Authority 10 Vilniaus Vandenys UAB 7 Vilnius City 60 Total 625

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Lending cases

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Construction of a waste-fuelled combined heat and power plant in Klaipeda, Lithuania.

The plant replaces an old natural gas-fired heat production unit.

Expected reduction of CO2 emissions by 100,000 tonnes a year.

x  Maturity: 7 year

x  Loan: EUR 70 million

x  Country: Lithuania

x  Obtained: 2011

Fortum Klaipeda

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City of Vilnius Financing Lithuanian capital's municipal investments in infrastructure and energy efficiency projects. Among those – reconstruction of a high-speed street, new access road to the airport and renovation of public buildings.

x  Maturity: 15 years

x  Loan: EUR 16.8 million

x  Country: Lithuania

x  Obtained: 2014

Photo: Kauno tiltai AB

Litgrid Financing the construction of an electricity transmission line between Lithuania and Poland, The LitPol Link.

The connection will help to diversify electricity supply and, together with other strategic energy projects, integrate the Baltic states into European energy networks.

x  Maturity: 10 years

x  Loan: EUR 50 million

x  Country: Lithuania

x  Obtained: 2014

Lithuanian Railways Financing the construction of a European-gauge track and the modernisation of the Trans European east–west corridors in Lithuania.

x  Maturity: 18 years

x  Loan: EUR 53 million

x  Country: Lithuania

x  Obtained: 2014

Photo: AB Lietuvos gelezinkeliai

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Klaipedos Nafta Financing the construction of a liquefied natural gas (LNG) terminal at the Port of Klaipeda.

The project will improve the security of gas supply to Lithuania.

x  Maturity: 20 years

x  Loan: EUR 34.8 million

x  Country: Lithuania

x  Obtained: 2014

The LNG tanker Independence, a floating factory for converting liquefied natural gas into a burnable variety, moored on the Klaipedos LNG terminal on 27 October 2014. Photo: Kestutis Fedirka

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Republic of Lithuania Financing an energy efficiency and renovation programme for public and residential buildings, which will contribute to improving Lithuania’s competitiveness and protecting its environment.

x  Maturity: 20 years

x  Loan: EUR 100 million

x  Country: Lithuania

x  Obtained: 2015

Reconstructed power and heating block at the National Library in Vilnius. Photo: Lithuanian National Library

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Amber Grid AB

x  Maturity: 15 years x  Loan: EUR 25 million x  Country: Lithuania x  Obtained: 2015

Construction of a gas transmission pipeline between the liquefied natural gas (LNG) terminal in Klaipeda and the town of Kursenai, Lithuania.

The project aims to diversify the sources of gas supply in the Baltic region and to create conditions that make it possible to utilise the full potential of the LNG terminal in Klaipeda.