The extremely strong capacity of Nordic Investment Bank (NIB) to honor its financial obligations in a timely manner is underpinned by the strong membership support of the eight NIB member countries, and the bank's high asset quality, which has led to historically stable and predictable profitability, although some deterioration was evident in 2008. NIB was founded in 1975, with the aim of strengthening and developing Nordic cooperation and promoting growth in member countries by means of financing long-term projects in both the private and public sectors. The bank also finances projects in emerging markets outside member countries that are of mutual interest to the member countries and the borrowing countries. Since its establishment, NIB has enjoyed the unerring support of
