Nordic Investment Bank 18K Annual report (foreign governments) | SEC 6 May 11

EXHIBIT I

NORDIC INVESTMENT BANK

Summary Schedule of Funded Debt

Outstanding at December 31, 2010


											Amount
											outstanding at
											December 31,
							Initial amount				2010
							In currency		In equivalent		in equivalent of
Currency	Issues		Interest %		Maturities		of borrowing		of USD		USD *
							(in thousands)		(in thousands)		(in thousands)
US dollars		100		0.000 - 12.700		2011 - 2040		11,977,715		11,977,715		12,031,109	*
Japanese yen		129		2.000 - 5.240		2011 - 2038		257,440,000		3,166,050		3,115,468	*
Pound Sterling		11		4.875 - 5.750		2012 - 2032		1,252,350		1,944,107		2,186,000	*
EUR		10		0.000 - 9.670		2011 - 2045		1,495,779		1,998,660		1,976,557
Swedish kronor		3		0.000 - 1.625		2012 - 2018		1,662,048		247,708		248,571
Norwegian kroner		6		2.250 - 4.780		2012 - 2019		4,450,000		762,319		762,319
Australian dollars		11		3.100 - 6.430		2011 - 2019		2,603,000		2,647,784		2,647,784
Canadian dollars		2		4.500 - 5.150		2014 - 2017		400,000		401,201		200,901
Swiss francs		5		2.000 - 6.125	2014 - Perp.			750,000		801,464		608,653
Hong Kong dollar		6		0.000 - 5,630		2012 - 2017		1,309,070		168,424		173,423
South African rand		4		0.000 - 7.430		2011 - 2027		2,021,000		304,706		244,159
Polish zloty		1		5.5000		2022		100,000		33,615		33,615
Icelandic kronur		1		4.7500		2017		3,000,000		26,183		20,016
New Zealand dollars		7		2.640 - 7.500		2011 - 2015		769,500		597,794		597,794
New Turkish lira		3		0.000 - 14.000		2016 - 2020		104,102		67,218		73,274
Mexican peso		1		8.0900		2011		1,000,000		80,749		23,821
Russian roubles		6		5.7500		2011 - 2019		2,093,000		68,512		68,512	*
Argentine pesos		3		11.500 - 19.000		2011 - 2015		126,050		31,897		31,897
Brazilian real		3		0.500 - 9.000		2012 - 2014		756,875		456,029		456,029

TOTAL												25,499,902


*		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, 2010 (in millions of EUR)


Currency	2011		2012		2013		2014		2015		After 2015		Total
U.S. dollars		2,581.9		402.6		2,057.4		974.4		954.2		2,033.5		9,004.0
Japanese yen		105.8				9.2		286.2				1,930.4		2,331.6
Pound Sterling				580.9				148.1		11.6		895.4		1,636.0
EUR		250.0				14.0		1,000.0		30.0		185.2		1,479.2
Swedish kronor				167.3								18.7		186.0
Norwegian kroner				128.2		128.2		160.3		12.8		141.0		570.5
Swiss francs								159.9				295.6		455.5
Australian dollars		761.3		120.3				380.6		704.2		15.2		1,981.6
Canadian dollars								75.1				75.3		150.4
Hong Kong dollar				28.9		38.0						62.9		129.8
South African rand		152.4				26.4						3.9		182.7
Polish zloty												25.2		25.2
Icelandic kronur		1.5		1.5		1.5		1.5		1.5		7.5		15.0
New Zealand dollars		41.0				144.8		87.2		174.4		0.0		447.4
New Turkish lira												54.8		54.8
Mexican Peso		17.8										0.0		17.8
Russian roubles		49.0										2.3		51.3
Argentine pesos		5.7				8.7				9.5		0.0		23.9
Brazilian real				135.3				206.0				0.0		341.3

Total		3,966.4		1,565.0		2,428.2		3,479.3		1,898.2		5,746.9		19,084.0

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, 2010 (in thousands)


									Amount outstanding at
					Initial amount				December 31, 2010
							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		0.5000		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		30,033		30,033	**
US dollars		0.0000		2003-2033		25,000		25,000		37,715		37,715	**
US dollars		0.0000		2003-2033		11,400		11,400		17,141		17,141	**
US dollars		0.0000		2003-2030		21,766		21,766		32,320		32,320	**
US dollars		0.0000		2003-2033		20,000		20,000		30,552		30,552	**
US dollars		0.5000		2003-2014		150,000		150,000		102,000		102,000
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		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		0.0000		2006-2036		29,999		29,999		39,426		39,426	**
US dollars		0.0000		2006-2036		26,345		26,345		34,404		34,404	**
US dollars		5.0000		2007-2017		1,000,000		1,000,000		1,000,000		1,000,000
US dollars		0.0000		2007-2027		29,191		29,191		35,113		35,113	**
US dollars		0.0000		2007-2037		30,000		30,000		36,187		36,187	**
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		47,762		47,762	**
US dollars		0.0000		2008-2038		10,000		10,000		11,255		11,255	**
US dollars		3.6250		2008-2013		1,000,000		1,000,000		1,000,000		1,000,000
US dollars		0.0000		2008-2036		41,136		41,136		46,517		46,517	**
US dollars		0.0000		2008-2038		30,000		30,000		34,123		34,123	**
US dollars		0.0000		2008-2038		30,000		30,000		33,410		33,410	**
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		22,381		22,381	**
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		31,560		31,560	**
US dollars		0.0000		2009-2039		30,000		30,000		31,515		31,515	**
US dollars		0.0000		2009-2039		30,000		30,000		31,545		31,545	**
US dollars		0.0000		2009-2039		5,000		5,000		5,250		5,250	**
US dollars		0.0000		2009-2039		30,000		30,000		31,560		31,560	**
US dollars		0.0000		2009-2039		15,000		15,000		15,791		15,791	**
US dollars		0.0000		2009-2039		15,000		15,000		15,797		15,797	**
US dollars		0.0000		2009-2039		20,000		20,000		21,228		21,228	**
US dollars		0.0000		2009-2039		20,000		20,000		21,180		21,180	**


									Amount outstanding at
					Initial amount				December 31, 2010
							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		10,584		10,584	**
US dollars		0.0000		2009-2039		20,000		20,000		21,152		21,152	**
US dollars		0.0000		2009-2039		30,000		30,000		31,650		31,650	**
US dollars		0.0000		2009-2039		20,000		20,000		21,124		21,124	**
US dollars		0.0000		2009-2039		49,987		49,987		52,837		52,837	**
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		2.6250		2009-2014		1,000,000		1,000,000		1,000,000		1,000,000
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		20,000		20,000		20,000		20,000	**
US dollars		0.0000		2010-2040		30,943		30,943		30,943		30,943	**
US dollars		0.0000		2010-2040		31,119		31,119		31,119		31,119	**
US dollars		0.0000		2010-2040		29,076		29,076		29,076		29,076	**
US dollars		1.6250		2010-2013		1,000,000		1,000,000		1,000,000		1,000,000
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		31,075		31,075		31,075		31,075	**
US dollars		0.0000		2010-2040		20,000		20,000		20,000		20,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		10.0000		2010-2013		56,905		56,905		56,905		56,905
US dollars		0.0000		2010-2040		25,000		25,000		25,000		25,000	**
US dollars		0.0000		2010-2040		25,000		25,000		25,000		25,000	**
US dollars	Floating			2010-2013		100,000		100,000		100,000		100,000	**
US dollars		2.5000		2010-2015		1,250,000		1,250,000		1,250,000		1,250,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		30,000		30,000		30,000		30,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		10,000		10,000		10,000		10,000	**
US dollars		0.0000		2010-2040		40,000		40,000		40,000		40,000	**
US dollars		0.0000		2010-2040		49,679		49,679		49,679		49,679	**
US dollars		0.0000		2010-2040		30,000		30,000		30,000		30,000	**
US dollars		0.0000		2010-2040		30,000		30,000		30,000		30,000	**


									Amount outstanding at
					Initial amount				December 31, 2010
							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		2010-2040		20,000		20,000		20,000		20,000	**
US dollars		0.0000		2010-2040		25,000		25,000		25,000		25,000	**
US dollars		0.0000		2010-2040		25,000		25,000		25,000		25,000	**

Japanese yen		5.2400		1997-2022		5,000,000		61,491		5,000,000		61,491
Japanese yen	Floating			1998-2013		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			1998-2028		4,000,000		49,193		4,000,000		49,193
Japanese yen	Floating			1999-2014		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			1999-2019		500,000		6,149		500,000		6,149
Japanese yen	Floating			1999-2017		4,000,000		49,193		4,000,000		49,193
Japanese yen	Floating			1999-2019		1,000,000		12,298		1,000,000		12,298
Japanese yen		2.0000		1999-2011		3,000,000		36,895		3,000,000		36,895
Japanese yen	Floating			1999-2011		500,000		6,149		500,000		6,149
Japanese yen	Floating			1999-2014		1,100,000		13,528		100,000		1,230
Japanese yen	Floating			1999-2019		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			1999-2019		1,100,000		13,528		100,000		1,230
Japanese yen		2.6750		1999-2011		8,000,000		98,386		8,000,000		98,386
Japanese yen		3.3200		2000-2020		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2001-2026		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2001-2016		3,000,000		36,895		3,000,000		36,895
Japanese yen	Floating			2001-2031		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2002-2031		2,700,000		33,205		2,700,000		33,205
Japanese yen	Floating			2002-2027		1,300,000		15,988		1,300,000		15,988
Japanese yen	Floating			2002-2032		2,900,000		35,665		2,900,000		35,665
Japanese yen	Floating			2002-2027		1,200,000		14,758		200,000		2,460
Japanese yen	Floating			2002-2032		1,200,000		14,758		1,200,000		14,758
Japanese yen	Floating			2002-2032		1,400,000		17,217		1,400,000		17,217
Japanese yen	Floating			2002-2032		2,200,000		27,056		2,200,000		27,056
Japanese yen	Floating			2002-2032		1,700,000		20,907		1,700,000		20,907
Japanese yen	Floating			2002-2032		1,400,000		17,217		1,400,000		17,217
Japanese yen	Floating			2002-2032		1,200,000		14,758		1,200,000		14,758
Japanese yen	Floating			2002-2032		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2002-2032		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2002-2032		1,100,000		13,528		1,100,000		13,528
Japanese yen	Floating			2002-2032		1,100,000		13,528		1,100,000		13,528
Japanese yen	Floating			2002-2032		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2002-2032		1,200,000		14,758		1,200,000		14,758
Japanese yen	Floating			2002-2032		2,200,000		27,056		2,200,000		27,056
Japanese yen	Floating			2002-2032		1,100,000		13,528		1,100,000		13,528
Japanese yen	Floating			2002-2032		2,000,000		24,596		2,000,000		24,596
Japanese yen	Floating			2002-2032		2,000,000		24,596		2,000,000		24,596
Japanese yen	Floating			2002-2032		3,000,000		36,895		3,000,000		36,895
Japanese yen	Floating			2002-2032		1,400,000		17,217		1,400,000		17,217
Japanese yen	Floating			2002-2032		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2002-2017		1,100,000		13,528		100,000		1,230
Japanese yen	Floating			2002-2032		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2003-2033		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2003-2033		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2003-2033		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2003-2033		1,000,000		12,298		1,000,000		12,298


									Amount outstanding at
					Initial amount				December 31, 2010
							In				In
			Issue Date/		In currency of		equivalent		In currency of		equivalent
Currency	Interest %		Maturity		borrowing		of USD		borrowing		of USD *
Japanese yen	Floating			2003-2033		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2003-2033		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2003-2033		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2003-2018		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2003-2033		2,200,000		27,056		2,200,000		27,056
Japanese yen	Floating			2003-2033		2,000,000		24,596		2,000,000		24,596
Japanese yen	Floating			2003-2033		1,200,000		14,758		1,200,000		14,758
Japanese yen	Floating			2003-2028		1,100,000		13,528		1,100,000		13,528
Japanese yen	Floating			2003-2033		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2003-2023		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2003-2033		1,700,000		20,907		1,700,000		20,907
Japanese yen	Floating			2003-2033		1,300,000		15,988		1,300,000		15,988
Japanese yen	Floating			2003-2033		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2006-2036		1,200,000		14,758		1,200,000		14,758
Japanese yen	Floating			2006-2036		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2006-2036		1,100,000		13,528		1,100,000		13,528
Japanese yen	Floating			2006-2036		3,000,000		36,895		3,000,000		36,895
Japanese yen	Floating			2006-2036		500,000		6,149		500,000		6,149
Japanese yen	Floating			2006-2036		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2006-2036		900,000		11,068		900,000		11,068
Japanese yen	Floating			2006-2036		700,000		8,609		700,000		8,609
Japanese yen	Floating			2006-2036		500,000		6,149		500,000		6,149
Japanese yen		2.2350		2006-2021		5,000,000		61,491		5,000,000		61,491
Japanese yen	Floating			2006-2022		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2006-2036		1,600,000		19,677		1,600,000		19,677
Japanese yen		2.4865		2006-2026		5,000,000		61,491		5,000,000		61,491
Japanese yen	Floating			2006-2036		700,000		8,609		700,000		8,609
Japanese yen	Floating			2006-2036		500,000		6,149		500,000		6,149
Japanese yen	Floating			2006-2036		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2006-2036		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2006-2036		500,000		6,149		500,000		6,149
Japanese yen	Floating			2006-2036		300,000		3,689		300,000		3,689
Japanese yen	Floating			2006-2036		300,000		3,689		300,000		3,689
Japanese yen	Floating			2006-2036		1,800,000		22,137		1,800,000		22,137
Japanese yen	Floating			2006-2036		700,000		8,609		700,000		8,609
Japanese yen	Floating			2006-2036		300,000		3,689		300,000		3,689
Japanese yen	Floating			2007-2037		900,000		11,068		900,000		11,068
Japanese yen	Floating			2007-2037		1,200,000		14,758		1,200,000		14,758
Japanese yen	Floating			2007-2036		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2007-2037		300,000		3,689		300,000		3,689
Japanese yen	Floating			2007-2022		900,000		11,068		900,000		11,068
Japanese yen	Floating			2007-2022		500,000		6,149		500,000		6,149
Japanese yen	Floating			2007-2037		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2007-2037		2,100,000		25,826		2,100,000		25,826
Japanese yen	Floating			2007-2037		300,000		3,689		300,000		3,689
Japanese yen	Floating			2007-2037		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2007-2037		300,000		3,689		300,000		3,689
Japanese yen	Floating			2007-2037		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2007-2027		500,000		6,149		500,000		6,149
Japanese yen	Floating			2007-2037		3,000,000		36,895		3,000,000		36,895
Japanese yen	Floating			2007-2037		400,000		4,919		400,000		4,919


									Amount outstanding at
					Initial amount				December 31, 2010
							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		300,000		3,689		300,000		3,689
Japanese yen	Floating			2007-2037		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2007-2027		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2007-2017		50,000,000		614,910		50,000,000		614,910
Japanese yen	Floating			2007-2037		2,000,000		24,596		2,000,000		24,596
Japanese yen	Floating			2007-2037		300,000		3,689		300,000		3,689
Japanese yen	Floating			2007-2037		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2007-2037		300,000		3,689		300,000		3,689
Japanese yen	Floating			2007-2017		6,300,000		77,479		6,256,000		76,938
Japanese yen	Floating			2007-2037		300,000		3,689		300,000		3,689
Japanese yen	Floating			2007-2037		2,500,000		30,746		2,500,000		30,746
Japanese yen	Floating			2007-2037		2,500,000		30,746		2,500,000		30,746
Japanese yen	Floating			2007-2027		300,000		3,689		300,000		3,689
Japanese yen	Floating			2007-2037		300,000		3,689		300,000		3,689
Japanese yen	Floating			2007-2037		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2007-2017		4,240,000		52,144		4,225,000		51,960
Japanese yen	Floating			2007-2027		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2007-2037		600,000		7,379		600,000		7,379
Japanese yen	Floating			2007-2037		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2007-2037		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2007-2037		1,500,000		18,447		1,500,000		18,447
Japanese yen	Floating			2007-2037		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2008-2038		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2008-2038		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2008-2038		500,000		6,149		500,000		6,149
Japanese yen	Floating			2008-2028		500,000		6,149		500,000		6,149
Japanese yen	Floating			2008-2018		1,900,000		23,367		1,846,000		22,702
Japanese yen	Floating			2008-2018		500,000		6,149		500,000		6,149
Japanese yen	Floating			2008-2038		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2008-2038		1,000,000		12,298		1,000,000		12,298
Japanese yen	Floating			2008-2038		500,000		6,149		500,000		6,149
Japanese yen	Floating			2009-2014		30,000,000		368,946		30,000,000		368,946

EUR		4.1250		1999-2011		250,000		334,050		250,000		334,050
EUR		9.6700		1996-2021		60,101		80,307		60,101		80,307
EUR		0.5000		2003-2013		14,000		18,707		14,000		18,707
EUR		4.1490		2005-2015		30,000		40,086		30,000		40,086
EUR		7.0000		2005-2025		50,000		66,810		17,575		23,484
EUR		4.2000		2005-2045		15,000		20,043		15,000		20,043
EUR		0.0000		2006-2016		29,678		39,656		45,561		60,879	**
EUR		3.0000		2009-2014		1,000,000		1,336,200		1,000,000		1,336,200
EUR		4.7600		2009-2029		37,000		49,439		37,000		49,439
EUR		7.0000		2009-2019		10,000		13,362		10,000		13,362

Pounds sterling		5.2500		1999-2019		150,000		232,855		210,000		325,997
Pounds sterling		5.7500		1999-2014		100,000		155,237		127,500		197,927
Pounds sterling	Floating			2000-2024		100,000		155,237		120,000		186,284
Pounds sterling	Floating			2000-2020		80,000		124,189		100,000		155,237
Pounds sterling		5.2000		2001-2032		150,000		232,855		44,160		68,553
Pounds sterling	Floating			2001-2016		162,350		252,027		296,512		460,295	**
Pounds sterling		4.8750		2008-2012		200,000		310,473		200,000		310,473


									Amount outstanding at
					Initial amount				December 31, 2010
							In				In
			Issue Date/		In currency of		equivalent		In currency of		equivalent
Currency	Interest %		Maturity		borrowing		of USD		borrowing		of USD *
Pounds sterling		4.8750		2008-2012		100,000		155,237		100,000		155,237
Pounds sterling		4.8750		2008-2012		100,000		155,237		100,000		155,237
Pounds sterling		4.8750		2008-2012		100,000		155,237		100,000		155,237
Pounds sterling	Floating			2010-2015		10,000		15,524		10,000		15,524

Swedish kronor		0.0000		2008-2018		100,902		15,038		104,504		15,575	**
Swedish kronor		0.0000		2008-2017		61,146		9,113		63,334		9,439	**
Swedish kronor		1.6250		2010-2012		1,500,000		223,557		1,500,000		223,557

Norwegian kroner		4.2500		2006-2012		500,000		85,654		500,000		85,654
Norwegian kroner		4.7800		2009-2019		1,100,000		188,438		1,100,000		188,438
Norwegian kroner		3.9900		2009-2015		100,000		17,131		100,000		17,131
Norwegian kroner		3.6900		2009-2014		1,250,000		214,135		1,250,000		214,135
Norwegian kroner		2.6250		2010-2013		1,000,000		171,308		1,000,000		171,308
Norwegian kroner		2.2500		2010-2012		500,000		85,654		500,000		85,654

Australian dollars		5.3750		2006-2011		300,000		305,161		300,000		305,161
Australian dollars		5.3750		2006-2011		200,000		203,441		200,000		203,441
Australian dollars		5.3750		2008-2011		300,000		305,161		300,000		305,161
Australian dollars		5.3750		2008-2011		200,000		203,441		200,000		203,441
Australian dollars		3.1000		2009-2012		158,000		160,718		158,000		160,718
Australian dollars		6.0000		2009-2014		300,000		305,161		300,000		305,161
Australian dollars		6.0000		2009-2014		200,000		203,441		200,000		203,441
Australian dollars		6.4300		2009-2019		20,000		20,344		20,000		20,344
Australian dollars		6.0000		2010-2015		300,000		305,161		300,000		305,161
Australian dollars		5.1900		2010-2015		300,000		305,161		300,000		305,161
Australian dollars		6.0000		2010-2015		325,000		330,592		325,000		330,592

Canadian dollars		4.5000		2004-2014		100,000		100,300		100,000		100,300
Canadian dollars		5.1500		2007-2017		300,000		300,901		100,300		100,601

Swiss francs		6.1250		1986-		200,000		213,724		19,570		20,913
Swiss francs		2.5000		2009-2018		250,000		267,155		250,000		267,155
Swiss francs		2.0000		2009-2014		200,000		213,724		200,000		213,724
Swiss francs		3.2700		2009-2024		50,000		53,431		50,000		53,431
Swiss francs		2.8300		2009-2021		50,000		53,431		50,000		53,431

Hong Kong dollar		5.0000		2002-2012		300,000		38,598		300,000		38,598
Hong Kong dollar		4.9300		2003-2013		100,000		12,866		100,000		12,866
Hong Kong dollar		5.3000		2003-2016		130,000		16,726		130,000		16,726
Hong Kong dollar		5.6300		2003-2017		376,000		48,376		376,000		48,376
Hong Kong dollar		0.0000		2004-2017		108,070		13,904		146,930		18,904
Hong Kong dollar		1.9800		2009-2013		295,000		37,954		295,000		37,954

South African rand		0.0000		1997-2027		52,000		7,840		35,010		5,278	**
South African rand		6.1200		2009-2011		825,000		124,385		440,400		66,399
South African rand		5.8000		2009-2011		910,000		137,201		910,000		137,201
South African rand		7.4300		2010-2013		234,000		35,280		234,000		35,280


									Amount outstanding at
					Initial amount				December 31, 2010
							In				In
			Issue Date/		In currency of		equivalent		In currency of		equivalent
Currency	Interest %		Maturity		borrowing		of USD		borrowing		of USD *
Polish zloty		5.5000		2002-2022		100,000		33,615		100,000		33,615

Icelandic kronur		4.7500		2002-2017		3,000,000		26,183		2,293,363		20,016	**

New Zealand dollars		7.5000		2008-2015		70,000		54,380		70,000		54,380
New Zealand dollars		7.5000		2008-2015		30,000		23,306		30,000		23,306
New Zealand dollars		2.6400		2009-2011		70,500		54,769		70,500		54,769
New Zealand dollars		7.5000		2009-2015		100,000		77,686		100,000		77,686
New Zealand dollars		7.5000		2009-2015		100,000		77,686		100,000		77,686
New Zealand dollars		4.4900		2010-2013		249,000		193,438		249,000		193,438
New Zealand dollars		5.2500		2010-2014		150,000		116,529		150,000		116,529

New Turkish lira		14.0000		2006-2016		32,500		20,985		32,500		20,985
New Turkish lira		0.0000		2007-2019		23,602		15,240		32,981		21,296	**
New Turkish lira		10.2500		2010-2020		48,000		30,993		48,000		30,993

Mexican Peso		8.0900		2006-2011		1,000,000		80,749		295,000		23,821

Russian roubles		5.7500		2007-2011		2,000,000		65,468		2,000,000		65,468
Russian roubles	Floating			2010-2019		23,000		753		23,000		753
Russian roubles	Floating			2010-2019		10,000		327		10,000		327
Russian roubles	Floating			2010-2019		10,000		327		10,000		327
Russian roubles	Floating			2010-2019		40,000		1,309		40,000		1,309
Russian roubles	Floating			2010-2019		10,000		327		10,000		327

Argentine pesos		16.0000		2008-2011		30,300		7,667		30,300		7,667
Argentine pesos		19.0000		2008-2013		45,750		11,577		45,750		11,577
Argentine pesos		11.5000		2010-2015		50,000		12,653		50,000		12,653

Brazilian real		9.0000		2010-2012		300,000		180,755		300,000		180,755
Brazilian real		0.5000		2010-2014		95,875		57,766		95,875		57,766	**
Brazilian real		7.5900		2010-2014		361,000		217,508		361,000		217,508

TOTAL									USD			25,499,902


*		Convenience translations into US dollars have been made at the following exchange rates: 1 US dollar = 81.3126777 Japanese yen; 0.748390959 EUR; 0.6441775 Pounds sterling; 6.70969915 Swedish kronor; 5.8374495 Norwegian kroner; 0.98308636 Australian dollars; 0.99700644 Canadian dollars; 0.935788055 Swiss francs; 7.7724891 Hong Kong dollars; 6.6326148 South African rand; 2.97485406 Polish zloty; 114.5786558 Icelandic kronur; 1.28723245 New Zealand dollars; 1.548720251 New Turkish lira; 12.38399940 Mexican peso; 30.54931896 Russian roubles; 3.95177369 Argentine pesos and 1.6597066 Brazilian real.

**		The amount stated as outstanding at December 31, 2010 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)