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AMENDMENT OF THE ANNEX OF AGREEMENT BETWEEN DENMARK, ESTONIA, FINLAND, ICELAND, LATVIA, LITHUANIA, NORWAY AND SWEDEN CONCERNING THE NORDIC INVESTMENT BANK (STATUTES OF THE NORDIC INVESTMENT BANK)
Decision of the Board of Governors on the capital increase of the Nordic Investment Bank
(Section 3). The authorised capital stock of the Bank shall be EUR 6,141,903,086 subscribed by the Member countries as follows:
| Denmark | EUR | 1,293,922,083 |
| Estonia | EUR | 56,254,434 |
| Finland | EUR | 1,088,148,207 |
| Iceland | EUR | 58,075,722 |
| Latvia | EUR | 82,072,738 |
| Lithuania | EUR | 119,795,914 |
| Norway | EUR | 1,320,805,204 |
| Sweden | EUR | 2,122,828,784 |
Any increase or decrease in the authorised capital stock shall be decided upon by the Board of Governors, after a proposal by the Board of Directors of the Bank. Any such increase or decrease in the authorised capital stock shall be allocated among the Member countries based upon their Gross National Income at market prices as determined from time to time by the Board of Governors.
(Section 4) The Member countries have made available to the Bank 6.815502352081970 per cent of the subscribed authorised capital stock. The payments have been made upon request from the Bank.
The remainder of the subscribed capital stock shall be subject to call to the extent the Board of Directors of the Bank deems it necessary for the fulfilment by the Bank of its debt obligations.
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