Extremely strong financial profile on the back of solid capitalization. Strong shareholder commitment, enforced green lending profile, and overall sound loan book growth cements policy relevance. Robust liquidity and conservative liquidity risk management. Solid support from several 'AAA'-rated member governments. Competent financial risk management with robust monitoring. High regional concentration in the loan portfolio, compared with peers. Small balance sheet and niche lending mandate limits scope for contracyclical lending S&P Global Ratings bases its ratings on Nordic Investment Bank (NIB) on its assessment of NIB's very strong business profile and extremely strong financial profile. A rebound in loan disbursements to record high levels in 2016 has resulted in solid earnings. Combined with a focus on lending to public entities, this
