Nordic Investment Bank 18K Annual report (foreign governments) | SEC 12 May 10

EXHIBIT I

NORDIC INVESTMENT BANK

Summary Schedule of Funded Debt

Outstanding at December 31, 2009


									Amount
									outstanding at
									December 31,
					Initial amount				2009
					In currency of		In equivalent		in equivalent
Currency	Issues	Interest %	Maturities		borrowing		of USD		of USD *
					(in thousands)		(in thousands)		(in thousands)
US dollars	101	0.000-12.700		2010-2039		12,248,547		12,248,547		12,327,278	*
Japanese yen	137	0.000-5.240		2010-2038		267,340,000		2,892,235		2,869,375	*
Pound Sterling	12	4.875-6.125		2010-2032		1,497,350		2,428,874		2,707,855	*
EUR	14	0.500-9.670		2010-2045		1,558,779		2,245,577		2,219,452	*
Swedish kronor	2	0.0000		2017-2018		162,048		22,771		22,771
Norwegian kroner	7	3.690-6.230		2010-2019		4,800,000		833,118		833,118
Australian dollars	9	3.100-6.430		2010-2019		1,887,000		1,698,159		1,698,159
Canadian dollars	3	3.950-5.150		2010-2017		460,000		438,046		247,877
Swiss francs	6	2.000-6.125		2010-Perp.		758,000		736,030		560,830	*
Hong Kong dollar	9	0.000-5.630		2010-2017		2,209,070		284,882		289,051
South African rand	6	0.000-13.5000		2010-2027		2,105,000		284,311		296,268
New Taiwan dollars	3	2.340-2.940		2010		9,000,000		285,267		212,366	*
Polish zloty	1	5.500		2022		100,000		35,098		35,098
Icelandic kronur	1	4.750		2017		3,000,000		24,162		20,433
New Zealand dollars	7	2.640-7.750		2010-2015		1,020,500		742,379		742,379
New Turkish lira	5	0.000-14.000		2016-2022		153,201		102,428		120,147
Mexican peso	1	8.090		2011		1,000,000		76,132		22,459
Russian roubles	5	0.000-20.000		2010-2019		4,122,720		137,628		139,789
Argentine pesos	2	16.000-19.000		2011-2013		76,050		20,148		20,148

TOTAL										25,384,853


*		Includes a floating rate issue.

The figures included in this schedule do not agree directly to the amounts in the balance sheet, which also include items such as premiums, discounts and adjustments related to hedge accounting.

Schedule of Annual Amortization of Funded Debt
Outstanding at December 31, 2009 (in millions of EUR)


Currency	2010		2011		2012		2013		2014		After 2014		Total
U.S. dollars		1,831.2		2,394.9		373.5		1,105.3		903.8		1,948.3		8,557.0
Japanese yen		15.0		86.4				7.5		233.6		1,649.3		1,991.8
Pound Sterling		287.1				563.0				143.6		886.0		1,879.7
EUR		63.0		250.0				14.0		1,000.0		213.6		1,540.6
Swedish kronor												15.8		15.8
Norwegian kroner		222.9				60.2				150.6		144.6		578.3
Swiss francs		5.4								134.8		249.1		389.3
Australian dollars		130.6		624.6		98.7				312.3		12.6		1,178.8
Canadian dollars		39.7								66.1		66.3		172.1
Hong Kong dollar		80.6				26.9		35.4				57.7		200.6
New Taiwan dollars		147.4												147.4
South African rand		5.2		151.4								49.1		205.7
Polish zloty												24.4		24.4
Icelandic kronur		1.4		1.4		1.4		1.4		1.4		7.2		14.2
New Zealand dollars		328.2		35.6								151.5		515.3
New Turkish lira												83.4		83.4
Mexican Peso				15.6										15.6
Russian roubles		13.7		46.3								37.0		97.0
Argentine pesos				5.6				8.4						14.0

Total		3,171.4		3,611.8		1,123.7		1,172.0		2,946.2		5,595.9		17,621.0

The figures included in this schedule do not agree directly to the amounts in the balance sheet, which also include items such as premiums, discounts and adjustments related to hedge accounting.

NORDIC INVESTMENT BANK

Schedule of Funded Debt, December 31, 2009 (in thousands)


									Amount outstanding at
					Initial amount				December 31, 2009
							In				In
			Issue Date/		In currency of		equivalent		In currency of		equivalent
Currency	Interest %		Maturity		borrowing		of USD		borrowing		of USD *
US dollars		6.2300		2002-2022		20,000		20,000		20,000		20,000
US dollars		6.2100		2002-2022		20,000		20,000		20,000		20,000
US dollars		6.1850		2002-2022		20,000		20,000		20,000		20,000
US dollars		6.2500		2002-2022		20,000		20,000		20,000		20,000
US dollars		0.0000		2002-2022		19,798		19,798		31,258		31,258	**
US dollars		6.6800		2002-2032		25,007		25,007		39,322		39,322	**
US dollars		0.5000		2002-2012		142,000		142,000		142,000		142,000
US dollars		0.5000		2002-2012		196,000		196,000		196,000		196,000
US dollars		0.5000		2003-2013		48,000		48,000		48,000		48,000
US dollars		0.5000		2003-2013		62,000		62,000		44,200		44,200	**
US dollars		0.0000		2003-2033		20,000		20,000		28,338		28,338	**
US dollars		0.0000		2003-2033		25,000		25,000		35,563		35,563	**
US dollars		0.0000		2003-2024		28,386		28,386		40,678		40,678	**
US dollars		0.0000		2003-2033		11,400		11,400		16,171		16,171	**
US dollars		0.0000		2003-2030		21,766		21,766		30,545		30,545	**
US dollars		0.0000		2003-2033		20,000		20,000		28,758		28,758	**
US dollars		0.0000		2003-2025		20,175		20,175		28,863		28,863	**
US dollars		0.5000		2003-2014		150,000		150,000		102,000		102,000
US dollars		0.0000		2003-2033		25,000		25,000		37,246		37,246	**
US dollars		3.8800		2004-2011		100,000		100,000		100,000		100,000
US dollars		4.0400		2004-2012		100,000		100,000		100,000		100,000
US dollars		4.4300		2004-2014		100,000		100,000		100,000		100,000
US dollars		4.2100		2004-2012		100,000		100,000		100,000		100,000
US dollars		3.2600		2004-2014		100,000		100,000		100,000		100,000
US dollars		3.8750		2005-2010		1,000,000		1,000,000		1,000,000		1,000,000
US dollars		12.7000		2005-2015		25,000		25,000		25,000		25,000
US dollars		4.8750		2006-2011		1,000,000		1,000,000		1,000,000		1,000,000
US dollars		4.6800		2006-2010		16,000		16,000		16,000		16,000
US dollars		0.0000		2006-2036		29,999		29,999		36,823		36,823	**
US dollars		0.0000		2006-2036		26,345		26,345		32,184		32,184	**
US dollars		4.3500		2006-2010		14,000		14,000		14,000		14,000
US dollars		5.0000		2007-2017		1,000,000		1,000,000		1,000,000		1,000,000
US dollars		0.0000		2007-2037		30,127		30,127		34,313		34,313	**
US dollars		0.0000		2007-2027		29,191		29,191		33,016		33,016	**
US dollars		0.0000		2007-2037		30,000		30,000		33,995		33,995	**
US dollars		0.0000		2007-2037		29,391		29,391		33,612		33,612	**
US dollars		0.0000		2007-2037		10,000		10,000		11,523		11,523	**
US dollars		4.5000		2007-2010		1,500,000		1,500,000		1,500,000		1,500,000
US dollars		3.1250		2008-2011		1,250,000		1,250,000		1,250,000		1,250,000
US dollars		6.0000		2008-2038		44,000		44,000		44,000		44,000
US dollars		0.0000		2008-2038		42,094		42,094		44,839		44,839	**
US dollars		0.0000		2008-2038		10,000		10,000		10,609		10,609	**
US dollars		3.6250		2008-2013		1,000,000		1,000,000		1,000,000		1,000,000
US dollars		0.0000		2008-2038		10,000		10,000		10,672		10,672	**
US dollars		0.0000		2008-2036		41,136		41,136		43,744		43,744	**
US dollars		0.0000		2008-2038		30,000		30,000		31,995		31,995	**


									Amount outstanding at
					Initial amount				December 31, 2009
							In				In
			Issue Date/		In currency of		equivalent		In currency of		equivalent
Currency	Interest %		Maturity		borrowing		of USD		borrowing		of USD *
US dollars		0.0000		2008-2038		30,000		30,000		31,659		31,659	**
US dollars	Floating			2008-2010		8,000		8,000		8,000		8,000
US dollars		3.5000		2008-2013		500,000		500,000		500,000		500,000
US dollars	Floating			2008-2011		100,000		100,000		100,000		100,000
US dollars		0.0000		2008-2038		20,000		20,000		21,308		21,308	**
US dollars		0.0000		2008-2038		20,000		20,000		21,152		21,152	**
US dollars		0.0000		2008-2038		20,000		20,000		21,160		21,160	**
US dollars		2.3750		2008-2011		1,000,000		1,000,000		1,000,000		1,000,000
US dollars		0.0000		2009-2039		30,000		30,000		30,000		30,000	**
US dollars		0.9100		2009-2010		100,000		100,000		100,000		100,000
US dollars		0.0000		2009-2039		30,000		30,000		30,000		30,000	**
US dollars		0.0000		2009-2039		30,000		30,000		30,000		30,000	**
US dollars		0.0000		2009-2039		5,000		5,000		5,000		5,000	**
US dollars		0.0000		2009-2039		30,000		30,000		30,000		30,000	**
US dollars		0.0000		2009-2039		15,000		15,000		15,000		15,000	**
US dollars		0.0000		2009-2039		15,000		15,000		15,000		15,000	**
US dollars		0.0000		2009-2039		20,000		20,000		20,000		20,000	**
US dollars		0.0000		2009-2039		20,000		20,000		20,000		20,000	**
US dollars		0.0000		2009-2039		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2009-2039		20,000		20,000		20,000		20,000	**
US dollars		0.0000		2009-2039		30,000		30,000		30,000		30,000	**
US dollars		0.0000		2009-2039		20,000		20,000		20,000		20,000	**
US dollars		0.0000		2009-2039		49,987		49,987		49,987		49,987	**
US dollars		0.0000		2009-2039		20,000		20,000		20,000		20,000	**
US dollars		0.0000		2009-2039		20,000		20,000		20,000		20,000	**
US dollars		0.0000		2009-2039		20,000		20,000		20,000		20,000	**
US dollars		0.0000		2009-2039		30,000		30,000		30,000		30,000	**
US dollars		0.0000		2009-2039		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2009-2039		30,000		30,000		30,000		30,000	**
US dollars		0.0000		2009-2039		20,000		20,000		20,000		20,000	**
US dollars		0.0000		2009-2039		20,000		20,000		20,000		20,000	**
US dollars		0.0000		2009-2039		10,000		10,000		10,000		10,000	**
US dollars		5.2100		2009-2039		25,000		25,000		25,000		25,000
US dollars		5.4200		2009-2039		25,000		25,000		25,000		25,000
US dollars		5.1400		2009-2039		30,000		30,000		30,000		30,000
US dollars		5.1800		2009-2039		25,000		25,000		25,000		25,000
US dollars		5.3000		2009-2039		12,500		12,500		12,500		12,500
US dollars		5.3000		2009-2039		12,500		12,500		12,500		12,500
US dollars		0.0000		2009-2039		29,945		29,945		29,945		29,945	**
US dollars		5.2200		2009-2039		12,500		12,500		12,500		12,500
US dollars		5.2200		2009-2039		12,500		12,500		12,500		12,500
US dollars		5.3500		2009-2039		12,500		12,500		12,500		12,500
US dollars		5.3500		2009-2039		12,500		12,500		12,500		12,500
US dollars		5.4700		2009-2039		12,500		12,500		12,500		12,500
US dollars		5.4700		2009-2039		12,500		12,500		12,500		12,500
US dollars		2.6250		2009-2014		1,000,000		1,000,000		1,000,000		1,000,000
US dollars		0.0000		2009-2039		30,000		30,000		30,000		30,000	**
US dollars		0.0000		2009-2039		30,000		30,000		30,000		30,000	**
US dollars		0.0000		2009-2039		30,000		30,000		30,000		30,000	**
US dollars		0.0000		2009-2039		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2009-2039		10,000		10,000		10,000		10,000	**


									Amount outstanding at
					Initial amount				December 31, 2009
							In				In
			Issue Date/		In currency of		equivalent		In currency of		equivalent
Currency	Interest %		Maturity		borrowing		of USD		borrowing		of USD *
US dollars		0.0000		2009-2039		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2009-2039		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2009-2039		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2009-2039		8,800		8,800		8,800		8,800	**

Japanese yen		0.0000		1995-2010		2,000,000		21,637		2,000,000		21,637
Japanese yen		5.2400		1997-2022		5,000,000		54,093		5,000,000		54,093
Japanese yen	Floating			1998-2013		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			1998-2018		2,000,000		21,637		2,000,000		21,637
Japanese yen	Floating			1998-2028		4,000,000		43,274		4,000,000		43,274
Japanese yen	Floating			1999-2014		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			1999-2019		500,000		5,409		500,000		5,409
Japanese yen	Floating			1999-2017		4,000,000		43,274		4,000,000		43,274
Japanese yen	Floating			1999-2019		1,000,000		10,819		1,000,000		10,819
Japanese yen		2.0000		1999-2011		3,000,000		32,456		3,000,000		32,456
Japanese yen	Floating			1999-2011		500,000		5,409		500,000		5,409
Japanese yen	Floating			1999-2014		1,100,000		11,900		100,000		1,082
Japanese yen	Floating			1999-2019		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			1999-2019		1,100,000		11,900		1,100,000		11,900
Japanese yen		2.6750		1999-2011		8,000,000		86,549		8,000,000		86,549
Japanese yen		3.3200		2000-2020		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2001-2026		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2001-2016		3,000,000		32,456		3,000,000		32,456
Japanese yen	Floating			2001-2031		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2002-2031		2,700,000		29,210		2,700,000		29,210
Japanese yen	Floating			2002-2027		1,300,000		14,064		1,300,000		14,064
Japanese yen	Floating			2002-2032		2,900,000		31,374		2,900,000		31,374
Japanese yen	Floating			2002-2027		1,200,000		12,982		1,200,000		12,982
Japanese yen	Floating			2002-2032		1,200,000		12,982		1,200,000		12,982
Japanese yen	Floating			2002-2032		1,400,000		15,146		1,400,000		15,146
Japanese yen	Floating			2002-2032		2,200,000		23,801		2,200,000		23,801
Japanese yen	Floating			2002-2032		1,700,000		18,392		1,700,000		18,392
Japanese yen	Floating			2002-2032		1,400,000		15,146		1,400,000		15,146
Japanese yen	Floating			2002-2032		2,000,000		21,637		2,000,000		21,637
Japanese yen	Floating			2002-2032		1,200,000		12,982		1,200,000		12,982
Japanese yen	Floating			2002-2032		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2002-2032		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2002-2032		1,100,000		11,900		1,100,000		11,900
Japanese yen	Floating			2002-2032		1,100,000		11,900		1,100,000		11,900
Japanese yen	Floating			2002-2032		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2002-2032		1,200,000		12,982		1,200,000		12,982
Japanese yen	Floating			2002-2032		2,200,000		23,801		2,200,000		23,801
Japanese yen	Floating			2002-2032		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2002-2032		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2002-2032		1,100,000		11,900		1,100,000		11,900
Japanese yen	Floating			2002-2032		2,000,000		21,637		2,000,000		21,637
Japanese yen	Floating			2002-2032		2,000,000		21,637		2,000,000		21,637
Japanese yen	Floating			2002-2032		3,000,000		32,456		3,000,000		32,456
Japanese yen	Floating			2002-2032		1,400,000		15,146		1,400,000		15,146
Japanese yen	Floating			2002-2032		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2002-2017		1,100,000		11,900		100,000		1,082


										Amount outstanding at
						Initial amount				December 31, 2009
								In				In
				Issue Date/		In currency of		equivalent		In currency of		equivalent
Currency		Interest %		Maturity		borrowing		of USD		borrowing		of USD *
Japanese yen		Floating			2002-2032		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2003-2033		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2003-2033		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2003-2033		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2003-2033		1,000,000		10,819		1,000,000		10,819
Japanese yen	��	Floating			2003-2033		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2003-2033		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2003-2033		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2003-2018		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2003-2033		2,200,000		23,801		2,200,000		23,801
Japanese yen		Floating			2003-2033		2,000,000		21,637		2,000,000		21,637
Japanese yen		Floating			2003-2033		1,200,000		12,982		1,200,000		12,982
Japanese yen		Floating			2003-2028		1,100,000		11,900		1,100,000		11,900
Japanese yen		Floating			2003-2033		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2003-2023		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2003-2033		1,700,000		18,392		1,700,000		18,392
Japanese yen		Floating			2003-2033		1,300,000		14,064		1,300,000		14,064
Japanese yen		Floating			2003-2033		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2006-2036		1,200,000		12,982		1,200,000		12,982
Japanese yen		Floating			2006-2036		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2006-2036		1,100,000		11,900		1,100,000		11,900
Japanese yen		Floating			2006-2022		500,000		5,409		500,000		5,409
Japanese yen		Floating			2006-2036		3,000,000		32,456		3,000,000		32,456
Japanese yen		Floating			2006-2036		500,000		5,409		500,000		5,409
Japanese yen		Floating			2006-2036		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2006-2036		900,000		9,737		900,000		9,737
Japanese yen		Floating			2006-2036		700,000		7,573		700,000		7,573
Japanese yen		Floating			2006-2036		500,000		5,409		500,000		5,409
Japanese yen			2.2350		2006-2021		5,000,000		54,093		5,000,000		54,093
Japanese yen		Floating			2006-2022		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2006-2036		1,600,000		17,310		1,600,000		17,310
Japanese yen			2.4865		2006-2026		5,000,000		54,093		5,000,000		54,093
Japanese yen		Floating			2006-2036		700,000		7,573		700,000		7,573
Japanese yen		Floating			2006-2036		500,000		5,409		500,000		5,409
Japanese yen		Floating			2006-2036		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2006-2036		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2006-2036		500,000		5,409		500,000		5,409
Japanese yen		Floating			2006-2036		300,000		3,246		300,000		3,246
Japanese yen		Floating			2006-2036		300,000		3,246		300,000		3,246
Japanese yen		Floating			2006-2036		1,800,000		19,473		1,800,000		19,473
Japanese yen		Floating			2006-2036		700,000		7,573		700,000		7,573
Japanese yen		Floating			2006-2036		300,000		3,246		300,000		3,246
Japanese yen		Floating			2007-2037		900,000		9,737		900,000		9,737
Japanese yen		Floating			2007-2037		1,200,000		12,982		1,200,000		12,982
Japanese yen		Floating			2007-2036		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2007-2037		300,000		3,246		300,000		3,246
Japanese yen		Floating			2007-2022		900,000		9,737		900,000		9,737
Japanese yen		Floating			2007-2022		500,000		5,409		500,000		5,409
Japanese yen		Floating			2007-2037		1,000,000		10,819		1,000,000		10,819
Japanese yen		Floating			2007-2037		2,100,000		22,719		2,100,000		22,719
Japanese yen		Floating			2007-2037		300,000		3,246		300,000		3,246


									Amount outstanding at
					Initial amount				December 31, 2009
							In				In
			Issue Date/		In currency of		equivalent		In currency of		equivalent
Currency	Interest %		Maturity		borrowing		of USD		borrowing		of USD *
Japanese yen	Floating			2007-2037		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2007-2037		300,000		3,246		300,000		3,246
Japanese yen	Floating			2007-2037		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2007-2027		500,000		5,409		500,000		5,409
Japanese yen	Floating			2007-2037		3,000,000		32,456		3,000,000		32,456
Japanese yen	Floating			2007-2037		400,000		4,327		400,000		4,327
Japanese yen	Floating			2007-2037		300,000		3,246		300,000		3,246
Japanese yen	Floating			2007-2037		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2007-2027		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2007-2017		50,000,000		540,928		50,000,000		540,928
Japanese yen	Floating			2007-2037		2,000,000		21,637		2,000,000		21,637
Japanese yen	Floating			2007-2037		300,000		3,246		300,000		3,246
Japanese yen	Floating			2007-2037		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2007-2037		300,000		3,246		300,000		3,246
Japanese yen	Floating			2007-2017		6,300,000		68,157		6,256,000		67,681
Japanese yen	Floating			2007-2037		500,000		5,409		500,000		5,409
Japanese yen	Floating			2007-2037		300,000		3,246		300,000		3,246
Japanese yen	Floating			2007-2037		2,500,000		27,046		2,500,000		27,046
Japanese yen	Floating			2007-2037		2,500,000		27,046		2,500,000		27,046
Japanese yen	Floating			2007-2027		300,000		3,246		300,000		3,246
Japanese yen	Floating			2007-2037		300,000		3,246		300,000		3,246
Japanese yen	Floating			2007-2037		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2007-2017		4,240,000		45,871		4,225,000		45,708
Japanese yen	Floating			2007-2027		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2007-2037		600,000		6,491		600,000		6,491
Japanese yen	Floating			2007-2037		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2007-2037		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2007-2037		1,500,000		16,228		1,500,000		16,228
Japanese yen	Floating			2007-2037		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2008-2038		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2008-2038		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2008-2038		500,000		5,409		500,000		5,409
Japanese yen	Floating			2008-2028		500,000		5,409		500,000		5,409
Japanese yen	Floating			2008-2018		1,900,000		20,555		1,846,000		19,971
Japanese yen	Floating			2008-2023		900,000		9,737		900,000		9,737
Japanese yen	Floating			2008-2018		500,000		5,409		500,000		5,409
Japanese yen	Floating			2008-2038		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2008-2038		1,000,000		10,819		1,000,000		10,819
Japanese yen	Floating			2008-2038		500,000		5,409		500,000		5,409
Japanese yen	Floating			2009-2014		30,000,000		324,557		30,000,000		324,557

EUR		4.1250		1999-2011		250,000		360,150		250,000		360,150
EUR		9.6700		1996-2021		60,101		86,582		60,101		86,582
EUR		0.5000		2003-2013		14,000		20,168		14,000		20,168
EUR		4.1490		2005-2015		30,000		43,218		30,000		43,218
EUR	Floating			2005-2010		30,000		43,218		30,000		43,218
EUR	Floating			2005-2010		20,000		28,812		20,000		28,812
EUR		7.0000		2005-2025		50,000		72,030		17,575		25,319
EUR		4.2000		2005-2045		15,000		21,609		15,000		21,609
EUR		3.2200		2006-2010		5,000		7,203		5,000		7,203
EUR		0.0000		2006-2016		29,678		42,754		43,968		63,340	**


									Amount outstanding at
					Initial amount				December 31, 2009
							In				In
			Issue Date/		In currency of		equivalent		In currency of		equivalent
Currency	Interest %		Maturity		borrowing		of USD		borrowing		of USD *
EUR		4.1530		2008-2010		8,000		11,525		8,000		11,525
EUR		3.0000		2009-2014		1,000,000		1,440,600		1,000,000		1,440,600
EUR		4.7600		2009-2029		37,000		53,302		37,000		53,302
EUR		7.0000		2009-2019		10,000		14,406		10,000		14,406

Pounds sterling		5.2500		1999-2019		150,000		243,317		210,000		340,644
Pounds sterling		5.7500		1999-2014		100,000		162,211		127,500		206,820
Pounds sterling	Floating			2000-2024		100,000		162,211		120,000		194,654
Pounds sterling	Floating			2000-2020		80,000		129,769		100,000		162,211
Pounds sterling		5.2000		2001-2032		150,000		243,317		44,160		71,633
Pounds sterling	Floating			2001-2016		162,350		263,350		312,676		507,196	**
Pounds sterling		6.1250		2007-2010		250,000		405,529		250,000		405,529
Pounds sterling		4.8750		2008-2012		200,000		324,423		200,000		324,423
Pounds sterling		4.8750		2008-2012		100,000		162,211		100,000		162,211
Pounds sterling		4.8750		2008-2012		100,000		162,211		100,000		162,211
Pounds sterling		4.8750		2008-2012		100,000		162,211		100,000		162,211
Pounds sterling	Floating			2008-2010		5,000		8,111		5,000		8,111

Swedish kronor		0.0000		2008-2018		100,902		14,179		100,902		14,179	**
Swedish kronor		0.0000		2008-2017		61,146		8,592		61,146		8,592	**

Norwegian kroner		4.2500		2006-2012		500,000		86,783		500,000		86,783
Norwegian kroner		4.6250		2007-2010		1,000,000		173,566		1,000,000		173,566
Norwegian kroner		4.6250		2007-2010		750,000		130,175		750,000		130,175
Norwegian kroner		6.2300		2008-2010		100,000		17,357		100,000		17,357
Norwegian kroner		4.7800		2009-2019		1,100,000		190,923		1,100,000		190,923
Norwegian kroner		3.9900		2009-2015		100,000		17,357		100,000		17,357
Norwegian kroner		3.6900		2009-2014		1,250,000		216,958		1,250,000		216,958

Australian dollars		5.3750		2006-2011		300,000		269,978		300,000		269,978
Australian dollars		5.3750		2006-2011		200,000		179,985		200,000		179,985
Australian dollars		6.3900		2007-2010		209,000		188,084		209,000		188,084
Australian dollars		5.3750		2008-2011		300,000		269,978		300,000		269,978
Australian dollars		5.3750		2008-2011		200,000		179,985		200,000		179,985
Australian dollars		3.1000		2009-2012		158,000		142,188		158,000		142,188
Australian dollars		6.0000		2009-2014		300,000		269,978		300,000		269,978
Australian dollars		6.0000		2009-2014		200,000		179,985		200,000		179,985
Australian dollars		6.4300		2009-2019		20,000		17,999		20,000		17,999

Canadian dollars		3.9500		2003-2010		60,000		57,136		60,000		57,136
Canadian dollars		4.5000		2004-2014		100,000		95,227		100,000		95,227
Canadian dollars		5.1500		2007-2017		300,000		285,682		100,300		95,513

Swiss francs		6.1250		1986-		200,000		194,203		19,570		19,003
Swiss francs	Floating			2008-2010		8,000		7,768		8,000		7,768
Swiss francs		2.5000		2009-2018		250,000		242,754		250,000		242,754
Swiss francs		2.0000		2009-2014		200,000		194,203		200,000		194,203
Swiss francs		3.2700		2009-2024		50,000		48,551		50,000		48,551
Swiss francs		2.8300		2009-2021		50,000		48,551		50,000		48,551

Hong Kong dollar		5.0000		2002-2012		300,000		38,688		300,000		38,688


									Amount outstanding at
					Initial amount				December 31, 2009
							In				In
			Issue Date/		In currency of		equivalent		In currency of		equivalent
Currency	Interest %		Maturity		borrowing		of USD		borrowing		of USD *
Hong Kong dollar		4.9300		2003-2013		100,000		12,896		100,000		12,896
Hong Kong dollar		5.3000		2003-2016		130,000		16,765		130,000		16,765
Hong Kong dollar		5.6300		2003-2017		376,000		48,489		376,000		48,489
Hong Kong dollar		0.0000		2004-2017		108,070		13,937		140,403		18,106	**
Hong Kong dollar		3.7700		2005-2010		500,000		64,480		500,000		64,480
Hong Kong dollar		3.8250		2005-2010		200,000		25,792		200,000		25,792
Hong Kong dollar		3.7700		2006-2010		200,000		25,792		200,000		25,792
Hong Kong dollar		1.9800		2009-2013		295,000		38,043		295,000		38,043

South African rand		0.0000		1997-2027		52,000		7,023		32,047		4,328	**
South African rand		0.0000		1998-2010		108,000		14,587		336,483		45,447	**
South African rand		13.5000		2000-2010		100,000		13,506		100,000		13,506
South African rand		9.6500		2008-2010		110,000		14,857		110,000		14,857
South African rand		6.1200		2009-2011		825,000		111,428		705,000		95,221
South African rand		5.8000		2009-2011		910,000		122,909		910,000		122,909

New Taiwan dollars		2,34-2,94		2003-2010		4,000,000		126,785		2,000,000		63,393
New Taiwan dollars	Floating			2003-2010		3,000,000		95,089		3,000,000		95,089
New Taiwan dollars	Floating			2003-2010		2,000,000		63,393		1,700,000		53,884

Polish zloty		5.5000		2002-2022		100,000		35,098		100,000		35,098

Icelandic kronur		4.7500		2002-2017		3,000,000		24,162		2,537,040		20,433	**

New Zealand dollars		7.7500		2007-2010		400,000		290,986		400,000		290,986
New Zealand dollars		7.7500		2008-2010		250,000		181,866		250,000		181,866
New Zealand dollars		7.5000		2008-2015		70,000		50,923		70,000		50,923
New Zealand dollars		7.5000		2008-2015		30,000		21,824		30,000		21,824
New Zealand dollars		2.6400		2009-2011		70,500		51,286		70,500		51,286
New Zealand dollars		7.5000		2009-2015		100,000		72,747		100,000		72,747
New Zealand dollars		7.5000		2009-2015		100,000		72,747		100,000		72,747

New Turkish lira		14.0000		2006-2016		32,500		21,729		32,500		21,729
New Turkish lira		0.0000		2007-2016		37,000		24,738		48,759		32,600	**
New Turkish lira		0.0000		2007-2016		4,049		2,707		5,328		3,562	**
New Turkish lira		0.0000		2007-2019		23,602		15,780		29,500		19,723	**
New Turkish lira		0.0000		2008-2022		56,050		37,474		63,617		42,533	**

Mexican Peso		8.0900		2006-2011		1,000,000		76,132		295,000		22,459

Russian roubles		5.7500		2007-2011		2,000,000		66,766		2,000,000		66,766
Russian roubles		0.0000		2008-2018		358,720		11,975		423,469		14,137	**
Russian roubles		0.0000		2009-2019		832,000		27,774		832,000		27,774	**
Russian roubles		0.0000		2009-2019		342,000		11,417		342,000		11,417	**
Russian roubles		20.0000		2009-2010		590,000		19,696		590,000		19,696	**

Argentine pesos		16.0000		2008-2011		30,300		8,027		30,300		8,027
Argentine pesos		19.0000		2008-2013		45,750		12,121		45,750		12,121

TOTAL									USD			25,384,853


*		Convenience translations into US dollars have been made at the following exchange rates: 1 US dollar = 92.433708 Japanese yen; 0.6941552 EUR; 0.6164792 Pounds sterling; 7.1164792 Swedish kronor; 5.76148827 Norwegian kroner; 1.111203665 Australian dollars; 1.050118 Canadian dollars; 1.02984867 Swiss francs; 7.75433847 Hong Kong dollars; 7.4038595 South African rand; 31.5493544 New Taiwan dollars; 2.84916 Polish zloty; 124.163543 Icelandic kronur; 1.37463557 New Zealand dollars; 1.4956962 New Turkish lira; 13.1350132 Mexican Peso; 29.955574 Russian roubles and 3.7745384 Argentine pesos.

**		The amount stated as outstanding at December 31, 2009 includes accrued amortization on zero coupon obligations and obligations issued at a deep discount with redemption prices substantially above par.

The figures included in this schedule do not agree directly to the amounts in the balance sheet, which also include items such as premiums, discounts and adjustments related to hedge accounting.

Nordic Investment Bank 18-KAnnual report (foreign governments)