|Date of loan:||5 May 2017|
|Customer:||Government through Ministry of Finance|
|Amount in EUR:||EUR 150 million|
|NACE sector / loan type:||Loan programme|
|Financial institutions and SMEs|
|This loan contributes to climate change mitigation: 75%|
The loan programme has been provided for onlending to projects fulfilling NIB’s mandate within selected sectors of the Chinese economy. It is expected that the loan facility will finance larger projects that take advantage of technology and know-how from the Bank’s member countries. The facility will be targeted mainly towards environmental projects. The sectors will be agreed with the Ministry of Finance and reviewed at regular intervals. Funds under the loan programme will be allocated to individual projects with loan maturities from ten to thirteen years.
A project under the loan programme is deemed to have met NIB’s competitiveness impact criteria if its share of the member country content is at least 30%. In order to ensure the fulfilment of the environmental mandate, at least 75% of the projects financed under the loan programme are expected to meet NIB’s climate change mitigation criteria.
All projects will be reviewed against the criteria as defined in NIB's Sustainability Policy and Guidelines.
A loan to Latvia's Rigas Satiksme is earmarked for a project introducing a new type of bus and expanding the low-floor tram network in Riga.
19 Jul 2017
NIB and the CDB have mutual borrowers in the Nordic–Baltic region and are looking for opportunities to co-finance eligible projects in NIB’s member countries.
17 Jul 2017
NIB has participated in Lithuania’s first green bond issuance made by the country’s leading energy company Lietuvos Energija. This is the Bank's first investment in a green bond issued in the Baltic countries.
14 Jul 2017