<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/npx" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>N-PX</submissionType>
    <filerInfo>
      <registrantType>IM</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0002067357</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <investmentCompanyType/>
      <periodOfReport>06/30/2026</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2026</reportCalendarYear>
      <reportingPerson>
        <name>NATIONAL BANK INVESTMENTS INC.</name>
        <phoneNumber>437-449-9947</phoneNumber>
        <address>
          <com:street1>800 SAINT-JACQUES STREET, 25TH FLOOR</com:street1>
          <com:city>MONTREAL, QC</com:city>
          <com:stateOrCountry>A8</com:stateOrCountry>
          <com:zipCode>H3C 1A3</com:zipCode>
        </address>
      </reportingPerson>
      <reportInfo>
        <reportType>INSTITUTIONAL MANAGER VOTING REPORT</reportType>
        <confidentialTreatment>N</confidentialTreatment>
      </reportInfo>
      <fileNumber>028-25751</fileNumber>
      <leiNumber>894500C4O4X2DYAK5N57</leiNumber>
      <explanatoryInformation>
        <explanatoryChoice>Y</explanatoryChoice>
        <explanatoryNotes>This is to inform you of the following: ACCESSION NUMBER: 0002067357-26-000003 is submitted to change an address information. The same address remains but the floor changed from the 25th floor to the 3rd floor.</explanatoryNotes>
      </explanatoryInformation>
    </coverPage>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
    </summaryPage>
    <signaturePage>
      <reportingPerson>NATIONAL BANK INVESTMENTS INC.</reportingPerson>
      <txSignature>Terry Dimock</txSignature>
      <txPrintedSignature>Terry Dimock</txPrintedSignature>
      <txTitle>Chief Officer Risk and Execution</txTitle>
      <txAsOfDate>08/14/2026</txAsOfDate>
    </signaturePage>
  </formData>
</edgarSubmission>
