The Board of Directors of the Nordic Investment Bank (NIB) has appointed Henrik Normann (Denmark) President and Chief Executive Officer of the Bank. Mr Normann will take up his appointment on 1 April 2012. He will succeed Mr Johnny Åkerholm (Finland), who has been President and CEO of NIB since April 2005.

Mr Normann is currently working as a Managing Director of Danske Markets, the investment banking arm of the Danske Bank Group. He has held various management positions within the Danske Bank. He has been a member of the Executive Committee since 2001.

"Mr Normann has extensive experience in the field of banking in Northern Europe. With his knowledge and skills in the financial field, NIB will be well-equipped to fulfil its mandate of supporting competitiveness and enhancing the environment in the Baltic Sea region," says Mr Jesper Olesen, Chairman of the Board of Directors.

The President is appointed by the Board of Directors for a term of five years at a time.

The Nordic Investment Bank (NIB) 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

Jesper Olesen, Chairman of the Board of Directors, at +45 3392 4161, jol@evm.dk

Henrik Normann, NIB President & CEO as of 1 April 2012, at +45 40 54 77 00,  henrik.normann@danskebank.dk

Jukka Ahonen, Director, Head of Communications, at +358 10 618 0295, jukka.ahonen@nib.int