Lánasjóður sveitarfélaga ohf. (Municipality Credit Iceland).
| Date: | 16.12.2025 |
|---|---|
| Country: | Iceland |
| Customer: | Lánasjóður sveitarfélaga ohf. (Municipality Credit Iceland). |
| Amount in ISK: | ISK 3,500 million |
| Amount in EUR: | EUR 23.8 million |
| Maturity: | 7 years |
| Business sector: | Financial Institutions |
Project
The loan has been provided to Municipality Credit Iceland Plc. (MCI) to finance municipal projects in Iceland. In recent years, MCI has lent to projects such as schools, sport facilities, district heating, social housing and waste collection.
All funds from NIB’s loans will be on-lent to projects that are aligned with NIB’s mandate.
Fulfilment of NIB's mandate
Productivity:
MCI borrows and provides funding on favourable terms to Icelandic municipalities, enabling investments in infrastructure and social services.
The projects will aim to enhance regional productivity, improve human capital and support long-term growth.
Environment:
The loan is given a neutral environmental rating.
Sustainability summary
MCI will ensure that the funds it lends onward are used for projects with necessary environmental permits.
