Nordic Investment Bank 18-K/A Annual report (foreign governments) (amended)

Exhibit VII

Financial information

January–April 2013

(unaudited)

Nordic Investment Bank Financial information January–April 2013

Table of contents

Key figures	3
Comments	4
Statement of comprehensive income	5
Statement of financial position	6
Changes in equity	7
Cash flow statement	8

17 June 2013

– 2 –

Nordic Investment Bank Financial information January–April 2013

Key figures

(in EUR million unless otherwise noted)

	Apr 2013*		Apr 2012*		Dec 2012
Net interest income		82		79		252
Profit/loss		70		94		209
Loans disbursed		615		406		2,355
Loans agreed		367		475		2,366
Loans outstanding		15,300		14,104		15,131
Guarantee commitments		—		4		—
New debt issues		2,707		1,944		4,355
Debts evidenced by certificates		21,416		19,621		20,332
Total assets		26,837		25,046		25,983
Equity/total assets (%)		10.2		10.2		10.3
Profit/average equity (%)		7.8		11.3		8.1
Number of employees (average during year)		183		179		180

* Unaudited figures, to be read in conjunction with NIB’s audited financial statements for 2012 and the notes thereto.

– 3 –

Nordic Investment Bank Financial information January–April 2013

Comments

NIB’s financial figures January–April 2013

As a result of extraordinarily accommodative monetary policies in developed economies, large amounts of excess liquidity have fuelled financial markets of late. So far, however, this has not affected the underlying economic fundamentals in Europe, where unemployment remains unsustainably high and investment has stalled. While largely tracking these developments, the countries of the Nordic-Baltic region maintain somewhat stronger economic performance compared to other European economies.

A higher lending volume and stable margins in January–April 2013 contributed to a 4% increase in NIB’s net interest income that amounted to EUR 82 million. The Bank still had positive valuations of Treasury portfolios, but the net profit stemming from financial operations decreased from EUR 31 million in January–April 2012 to EUR 10 million this year. The total amount of NIB’s four-month profit was EUR 70 million (Jan-Apr 2012: EUR 94 million).

During the period, the amount of loans disbursed during the period increased to EUR 615 million (Jan-Apr 2012: EUR 406 million). Loans were provided for projects within the sectors of industrial research and development, education facilities, transport infrastructure, renewable energy production, electricity transmission as well as other sectors.

Loans outstanding totalled EUR 15.3 billion, an increase of 8% on a year ago. Loan impairments made during the period amounted to EUR 10.2 million, all of which were collective impairments, not related to specific losses.

During the first four months of the year, NIB raised EUR 2.7 billion in funding out of the EUR 4.5 billion plan for the year. In early February, a three-year USD 2 billion global benchmark bond was launched and priced, the largest single funding transaction issued by the Bank. The Australian and New Zealand dollar markets have again this year been contributing to diversifying NIB’s funding portfolio. The Bank also performed several private placements in the Norwegian kroner, Brazilian Reais and Mexican pesos.

Low business investment activity combined with ample liquidity may affect negatively the demand for lending in the Nordic-Baltic region during the forthcoming months. The lasting low-yield environment may also reduce the net interest income derived from Treasury operations.

Henrik Normann

President & CEO

– 4 –

Nordic Investment Bank Financial information January–April 2013

Statement of comprehensive income

EUR 1,000

	Jan–Apr 2013*		Jan–Apr 2012*		Jan–Dec 2012
Interest income		137,491		173,678		494,064
Interest expense		-55,464		-95,159		-242,370
Net interest income		82,027		78,518		251,693
Commission income and fees received		3,825		2,592		10,620
Commission expense and fees paid		-801		-1,100		-2,223
Net profit/loss on financial operations		10,081		30,795		43,288
Foreign exchange gains and losses		-117		-783		-221
Operating income		95,014		110,021		303,157
Expenses
General administrative expenses		13,337		12,761		34,291
Depreciation		1,179		1,170		3,611
Impairment of loans		10,199		1,703		56,050
Total expenses		24,715		15,634		93,951
PROFIT/LOSS FOR THE PERIOD		70,300		94,387		209,205
Total comprehensive income		70,300		94,387		209,205

* Unaudited figures, to be read in conjunction with NIB’s audited financial statements for 2012 and the notes thereto.

– 5 –

Nordic Investment Bank Financial information January–April 2013

Statement of financial position

EUR 1,000

		30 Apr 2013*		30 Apr 2012*		31 Dec 2012
ASSETS
Cash and cash equivalents			3,798,306		3,235,577		2,817,189
Financial placements
Placements with credit institutions			4,541		3,525		4,191
Debt securities			5,126,202		4,982,694		5,248,858
Other			19,867		27,862		22,059
			5,150,610		5,014,081		5,275,108
Loans outstanding			15,299,871		14,103,967		15,130,669
Intangible assets			4,342		4,564		4,446
Tangible assets, property and equipment			29,362		30,697		29,856
Other assets
Derivatives			2,246,733		2,304,625		2,347,873
Other assets			26,985		34,441		25,895
			2,273,718		2,339,066		2,373,768
Payments to the Bank’s reserves, receivable			—		1,320		—
Accrued interest and fees receivable			280,526		316,422		351,875
TOTAL ASSETS			26,836,735		25,045,694		25,982,911
LIABILITIES AND EQUITY
Liabilities
Amounts owed to credit institutions
Short-term amounts owed to credit institutions			1,434,972		1,488,885		1,593,338
Long-term amounts owed to credit institutions			5,500		95,941		15,222
			1,440,472		1,584,827		1,608,560
Debts evidenced by certificates
Debt securities issued			21,337,191		19,546,368		20,254,987
Other debt			79,185		74,824		77,144
			21,416,376		19,621,192		20,332,131
Other liabilities
Derivatives			1,029,952		1,042,923		1,102,707
Other liabilities			13,835		11,227		9,397
			1,043,787		1,054,149		1,112,104
Accrued interest and fees payable			200,123		234,667		264,439
Total liabilities			24,100,758		22,494,835		23,317,234
Equity
Authorised and subscribed capital	6,141,903
of which callable capital	-5,723,302
Paid-in capital	418,602		418,602		418,602		418,602
Reserve funds
Statutory Reserve			686,325		685,005		686,325
General Credit Risk Fund			1,112,831		955,626		955,626
Special Credit Risk Fund PIL			395,919		395,919		395,919
Payments to the Bank’s reserves, receivable			—		1,320		—
Appropriation to dividend payment			52,000		—		—
Profit/loss for the period			70,300		94,387		209,205
Total equity			2,735,977		2,550,859		2,665,677
TOTAL LIABILITIES AND EQUITY			26,836,735		25,045,694		25,982,911

* Unaudited figures, to be read in conjunction with NIB’s audited financial statements for 2012 and the notes thereto.

– 6 –

Nordic Investment Bank Financial information January–April 2013

Changes in equity*

EUR 1,000

	Paid-in capital		Statutory Reserve		General Credit Risk Fund		Special Credit Risk Fund PIL		Payments to the Bank’s Statutory Reserve and Credit Risk funds		Appropriation to dividend payment		Other value adjustments		Profit/loss for the period		Total
Equity at 31 December 2011		418,602		683,685		761,589		395,919		2,640		0		0		194,037		2,456,472
Appropriations between reserve funds						194,037										-194,037		0
Paid-in capital																		0
Called in authorised and subscribed capital																		0
Payments to the Bank’s Statutory Reserve and credit risk funds, receivable				1,320						-1,320								0
Comprehensive income for the period 1/1–30/4/2012																94,387		94,387
Equity at 30 April 2012		418,602		685,005		955,626		395,919		1,320		0		0		94,387		2,550,859
Paid-in capital																		0
Called in authorised and subscribed capital																		0
Payments to the Bank’s Statutory Reserve and credit risk funds, receivable				1,320						-1,320								0
Comprehensive income for the period 1/5–31/12/2012																114,818		114,818
Equity at 31 December 2012		418,602		686,325		955,626		395,919		0		0		0		209,205		2,665,677
Appropriations between reserve funds						157,205						52,000				-209,205		0
Paid-in capital																		0
Called in authorised and subscribed capital																		0
Payments to the Bank’s Statutory Reserve and credit risk funds, receivable																		0
Dividend payment																		0
Comprehensive income for the period 1/1–30/4/2013																70,300		70,300
Equity at 30 April 2013		418,602		686,325		1,112,831		395,919		0		52,000		0		70,300		2,735,977

* Only the year-end figures are audited, to be read in conjunction with NIB’s audited financial statements for 2012 and the notes thereto.

– 7 –

Nordic Investment Bank Financial information January–April 2013

Cash flow statement

EUR 1,000

	Jan-Apr 2013*		Jan-Apr 2012*		Jan-Dec 2012
Cash flows from operating activities
Profit/loss from operating activities		70,300		94,387		209,205
Adjustments:
Unrealised gains/losses of financial assets held at fair value		-10,825		-34,988		-44,717
Impairment of bonds held at amortised cost				3,733
Depreciation and write-down in value of tangible and intangible assets		1,179		1,170		3,611
Change in accrued interest and fees (assets)		71,350		47,265		11,812
Change in accrued interest and fees (liabilities)		-64,316		-44,711		-14,939
Impairment of loans		10,199		1,703		56,050
Adjustment to hedge accounting		-405		3,346		1,381
Other adjustments to the period’s profit		1,135		-13		-2,523
Adjustments, total		8,316		-22,495		10,675
Lending
Disbursements of loans		-614,843		-406,002		-2,354,787
Repayments of loans		416,867		439,955		1,502,789
Capitalisations, redenominations, index adjustments etc.		-111		215		245
Transfer of loans to claims in other assets		0		2,854		2,854
Exchange rate adjustments		18,779		25,337		-85,199
Lending, total		-179,307		62,360		-934,098
Cash flows from operating activities, total		-100,692		134,252		-714,218
Cash flows from investing activities
Placements and debt securities
Purchase of debt securities		-752,172		-1,611,995		-2,893,778
Sold and matured debt securities		885,428		995,017		2,046,894
Placements with credit institutions		-350		-8		-674
Other financial placements		1,662		-3,054		-3,463
Exchange rate adjustments etc.		-4,229		11,693		4,074
Placements and debt securities, total		130,340		-608,346		-846,947
Other items
Acquisition of intangible assets		-492		-596		-1,727
Acquisition of tangible assets		-89		-469		-820
Change in other assets		1,157		4,956		13,587
Other items, total		576		3,891		11,040
Cash flows from investing activities, total		130,916		-604,455		-835,907
Cash flows from financing activities
Debts evidenced by certificates
Issues of new debt		2,707,132		1,943,697		4,355,019
Redemptions		-1,492,866		-650,552		-2,435,918
Exchange rate adjustments		-154,208		-143,819		-312,663
Debts evidenced by certificates, total		1,060,059		1,149,326		1,606,438
Other items
Long-term placements from credit institutions		-9,722		-5,725		-86,444
Change in swap receivables		94,813		153,789		262,337
Change in swap payables		-40,327		-2,537		70,114
Change in other liabilities		4,437		1,284		-545
Paid-in capital and reserves		0		1,320		2,640
Other items, total		49,201		148,133		248,102
Cash flows from financing activities, total		1,109,259		1,297,459		1,854,540
CHANGE IN CASH AND CASH EQUIVALENTS, NET		1,139,483		827,255		304,414
Opening balance for cash and cash equivalents, net		1,223,851		919,437		919,437
Closing balance for cash and cash equivalents, net		2,363,334		1,746,692		1,223,851
Additional information to the statement of cash flows
Interest income received		208,840		220,943		505,876
Interest expense paid		-119,779		-139,870		-257,309

The cash flow statement has been prepared using the indirect method and the cash flow items cannot be directly concluded from the statements of financial positions.

* Unaudited figures, to be read in conjunction with NIB’s audited financial statements for 2012 and the notes thereto.

– 8 –

Nordic Investment Bank Financial information January–April 2013

Nordic Investment Bank (NIB)

Fabianinkatu 34

P.O. Box 249

FI-00171 Helsinki, Finland

Telephone: +358 10 618 001

Fax: +358 10 618 0725

Internet: www.nib.int

E-mail: info@nib.int

– 9 –