As filed with the Securities and Exchange Commission on June 23, 2010

FORM 18-K/A

For Foreign Governments and Political Subdivisions Thereof

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

AMENDMENT NO. 2 TO
ANNUAL REPORT

of the

Nordic Investment Bank

(Name of Registrant)

Date of end of last fiscal year: December 31, 2009

SECURITIES REGISTERED*

(As of the close of the fiscal year)

	Amount as to which registration is	Names of exchanges on
Title of Issues	effective	which registered
N/A	N/A	N/A

Name and address of person authorized to receive notices and communications from
the Securities and Exchange Commission:

Executive Director
Nordic-Baltic Executive Director’s Office
International Monetary Fund
700 19th Street, N.W.
Washington, D.C. 20431

Copies to:

Ward A. Greenberg
Cleary Gottlieb Steen & Hamilton LLP
Main Tower, Neue Mainzer Strasse 52
60311 Frankfurt am Main, Germany

* The registrant is filing this annual report on a voluntary basis.

FORWARD LOOKING STATEMENTS

          Certain of the statements contained in this Annual Report on Form 18-K, as amended (the “Amended 18-K”) may be statements of future expectations and other forward-looking statements that are based on management’s views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. In addition to statements, which are forward-looking by reason of context, the words “may, will, should, plans, intends, anticipates, believes, estimates, potential, or continue” and similar expressions identify forward-looking statements. Actual results, performance or events may differ materially from those in such statements due to, without limitation, general economic conditions, including in particular economic conditions and markets, performance of financial markets, interest rates, currency exchange rates, changing levels of competition, changes in laws and regulations, changes in the policies of central banks and/or foreign governments, and general competitive factors, in each case on a local, regional, national and/or global basis. Nordic Investment Bank (“NIB”) assumes no obligation to update any forward-looking information contained in this Amended 18-K.

EXPLANATORY NOTE

     On June 17, 2010, NIB, in connection with its Registration Statement under the Securities Act of 1933 (Schedule B) relating to Debt Securities and/or Warrants to Purchase Debt Securities, Registration No. 333-142934, amended its Annual Report on Form 18-K for the fiscal year ended December 31, 2009 (the “Annual Report”) by adding Exhibit VI to the Annual Report. The following exhibit amends Exhibit VI to correct a typographical error in the net interest income figure for the period January–April 2009 in the table under the heading “Statement of comprehensive income” on page 5:

Exhibit VI Financial Information January-April 2010 (unaudited)

SIGNATURE

          Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Nordic Investment Bank has duly caused this amendment to its annual report on Form 18-K to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Helsinki, Finland on the 23rd day of June 2010.

By:	/s/ Juha Kotajoki
	Juha Kotajoki
	Vice-President Risk Management and Accounting

Exhibit Index

Exhibit VI Financial Information January-April 2010 (unaudited)