Agreement concerning the Nordic Investment Bank

The Agreement concerning the Nordic Investment Bank, signed in Helsinki on 11 February 2004 and entered into force on 1 January 2005 replaces the 1975 original Agreement regarding the establishment of the Nordic Investment Bank and the Agreement concerning the Nordic Investment Bank.

The Bank shall have the status of an international legal person with full legal capacity (Article 1).

Actions may be brought against the Bank only in a court of competent jurisdiction in the territory of a country in which the Bank has established an office, or has appointed an agent for the purpose of accepting service
of process, or when the Bank has otherwise expressly accepted jurisdiction. Actions may, however, be brought by a Member country or by persons acting for or deriving claims from a Member country only if the Bank has given its
express consent thereto (Article 5).

All members of the Board of Directors, their alternates, officers and other employees of the Bank, and experts appointed by the Bank shall, regardless of nationality, be accorded immunity from legal process with respect to acts performed by them in their official capacity on behalf of the Bank. Notwithstanding this, the Bank may waive the immunity, in accordance with the provisions of Article 14. No immunity shall apply, however, to civil liability in the case
of damage arising from a road traffic accident caused by any of the persons enjoying immunity under this Article (Article 10).

The Board of Directors of the Bank may, to such extent and upon such conditions as it may determine, waive any of the immunities and privileges conferred under this Agreement in cases where such action would, in the opinion of the Board of Directors, be in the best interests of the Bank (Article 14).