Extremely strong financial profile on the back of solid capitalization. Robust liquidity and conservative liquidity risk management. Solid support from several 'AAA'-rated member governments. Sound financial risk management with robust monitoring. Strong credit quality in growing loan book. High regional concentration in the loan portfolio, compared with peers. The possibility of increased lending competition from the private sector, limiting the relevance of the bank's funding contribution. Funding position with periodical short-term refinancing needs. The ratings on multilateral lending institution Nordic Investment Bank (NIB) reflect S&P Global Ratings' assessment of NIB's very strong business profile and extremely strong financial profile. Sound core earnings in 2015, combined with the sustained robust credit quality of its growing loan book, have provided for an
