NIB in brief in your language:
Faroe Islands. Føroya Banki P/F. Banking and finance
Date of loan: 10 December 2007
Country: Faroe Islands
Borrower: Føroya Banki P/F
Sector/loan type: Banking and finance
Subsector: Financial intermediation, except insurance and pension
Project:
The 5-year-maturity EUR 10 million loan has been granted to Føroya Banki for onlending to small and medium-sized enterprises that invest in projects in various sectors of the Faroese economy. Føroya Banki, established in 1906, has been listed on the stock exchanges in Iceland and Denmark since 21 June 2007.
Environmental summary:
It is assumed that all proposed subloans financed by Føroya Banki will follow existing laws and regulations and obtain the necessary certificates.
