The Saeima has adopted and the President promulgated the following laws: on amendments to the agreement between Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden on Nordic investment bank attached to existing Nordic investment bank statute, article 1. Amendments to the agreement between Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden on Nordic investment bank (hereinafter referred to as the Treaty) in the annex to the existing Northern investment bank (hereinafter referred to as the amendments) with this law is adopted and approved.
2. article. Amendments shall enter into force under article 17 of the Treaty within the prescribed time and manner, and the Ministry of Foreign Affairs shall notify the official Edition of the "journal".
3. article. The law shall enter into force on the day following its promulgation. With the law put amendments in English and their translation into Latvian language. The law adopted by the Parliament in 2017 of 2 February. The President r. vējonis Riga 2017. on 8 February, the amendment OF the ANNEX OF the agreement BETWEEN DENMARK, Estonia, FINLAND, ICELAND, Latvia, Lithuania, NORWAY AND SWEDEN CONCERNING the NORDIC investment BANK (STATUTE OF the NORDIC investment BANK), the Decision of the Board of Governors Section 8 loans made and loan guarantee issued for investments outside of the Member countries may, if so determined by the Board of Directors , be designated project investment loans or project investment guarantee. For project investment loans made and project investment guarantee issued by the Bank, shall make allocations to a special credit risk fund, primarily to cover the loss on such loans and guarantee. The Member countries shall cover the loss arising from the Bank's ' the failure of payment in connection with project investment loan and project investment guarantee up to the following non: Denmark Estonia Finland EUR 379,208,157 EUR 16,486,418 EUR 318,902,260 EUR 17,020,181 EUR 24,052,957 Iceland Latvia Lithuania Norway Sweden EUR 387,086,760 EUR 35,108,442 EUR 622,134,827 the Member countries guarantee covers at ' most of the hereby 90 per cent of the loss on individual project investment loan. Payment is subject to call by the Board of Directors pursuan to agreements entered into between the Bank and each Member country.
Section 9 loans made and loan guarantee-issued for environmental investments in the neighbouring region of the Member countries may, if so determined by the Board of Directors, be designated special environmental investment loans or environmental investment guarantee. The Member countries shall cover 100 per cent of the Bank's loss of ' arising from failure of payment in connection with environmental investment loans and environmental investment guarantee up to the following non: Denmark Estonia Finland EUR 63,201,359 EUR 2,747,736 EUR 53,150,377 EUR 2,836,697 EUR 4,008,826 Iceland Latvia Lithuania Norway Sweden EUR 64,514,460 EUR 5,851,407 EUR 103,689,138 payment is subject to call by the Board of Directors pursuan to agreements entered into between the Bank and each Member country.
Section 10 the business of the Bank shall be conducted in accordanc with the principles referred to in Section 1 and in accordanc with the following guidelines: (a)) (A) shall not be made the loan nor a guarantee issued if opposed by the State of the beneficiary. b) Borrowing and the investment of funds in the Member countries shall be made in consultation with the authorities of the country concerned. (c) In its operations,) the Bank shall aim for a profit allowing the formation of reserve and reasonable return on the subscribed capital referred to in Section 3 an d) the Bank may when specific needs «arise, the shares or other assets acquir, in support of its business or to protect its claims. e the Bank shall,) the exten to practicabl, protect itself against the risk of exchange rate loss.  
Translation of amended agreement between Denmark, ESTONIA, Finland, Iceland, Latvia, Lithuania, Norway and Sweden on Nordic Investment BANK attached to existing Nordic Investment BANK statutes Nordic investment bank manager Council decision article 8 loans and loan guarantees issued for investment outside the Member States, if the Board of directors so decides, can be labeled as a project investment loans or project investment guarantees. The project issued investment loans and project investment issued guarantees Bank funds appropriations special credit risk fund with the primary aim to cover the losses on such loans and guarantees. Member States shall be borne by the banks losses resulting from non-payment in connection with the project investment loans and guarantees for investment projects, up to the following amounts: Denmark Estonia Finland EUR EUR EUR 379 208 157 16 486 418 318 902 260 EUR 24 052 957 Lithuania Latvia Iceland 17 020 181 EUR EUR EUR EUR 35 108 442 Norway Sweden 387 086 760 622 134 827 guarantees Member States to bear a maximum of 90 per cent loss of individual project investment loans. Payment is to be made after the first request of the Board of Directors in accordance with the agreements concluded between the Bank and each Member State.
Article 9 the environmental investment loans and loan guarantees issued to Member States in the region, near where the Board of directors so decides, can be labeled as a special environmental investment loans or environmental investment guarantees. Member States bear 100 percent of the Bank's losses incurred by the environmental investment loans and guarantees related to environmental investment charges of leading up to the following amount: EUR 63 201 359 Estonia Denmark Finland Iceland 2 747 736 EUR EUR EUR EUR 53 150 377 2 836 697 EUR 5 851 407 Norway Lithuania Latvia 4 008 826 EUR 64 514 460 Sweden EUR 103 689 138 Payment has to be made after the first request of the Board of Directors in accordance with the treaties, concluded between the Bank and each Member State.
Article 10 the economic activity of the Bank is carried out in accordance with the principles referred to in article 1 and to the following guidelines: (a)) loan is not issued, or is issued the guarantee does not oppose it, when the requested country. b) borrowings and cash investments are carried out in the Member States, in consultation with the national authorities. (c)) in the Bank trying to get the profits that allow to build reserves and reasonable article 3 of that share capital return. (d)) if the need arises, the Bank may buy shares or other assets to support your business operations or defend his claims. e) Bank, in so far as is reasonably practicable, protect yourself against damages that might occur to changes in currency exchange rates.