NIB names Björn Ordell Chief Financial Officer, Vice-President and Head of Risk & Finance

Helsinki, Finland, 3-10-2014 — /EuropaWire/ — Björn Ordell from Sweden has been appointed Chief Financial Officer, Vice-President and Head of Risk & Finance at NIB. He will be a member of the Executive Committee and responsible for the Bank’s functions within Risk & Finance, including risk management, financial administration and accounting. Mr Ordell will take up his appointment in April 2015 at the latest.

Björn Ordell has worked as CFO and Vice President at Landshypotek Bank in Stockholm since 2007, with responsibility for funding, market risk and accounting.

Before joining Landshypotek, Mr Ordell held managerial positions in the Swedish companies PwC, Holmen and Dagab Närlivs Stockholm.

“I welcome Björn Ordell to NIB. His experience within the fields of risk and accounting will complete the Bank’s management and competence base”, says Henrik Normann, NIB President & CEO.

Mr Ordell succeeds Juha Kotajoki, who resigned from this position in March 2014.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. 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:

Henrik Normann, NIB President and CEO, at +358 10 618 001, info@nib.int

Björn Ordell, NIB CFO as of April 2015, at +46 70 536 44 07

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

###

Björn Ordell