All agreed loans

Denmark. Nørresundby Bank A/S

Date of agreement: 21 Feb 2007
Country: Denmark
Customer: Nørresundby Bank A/S
Amount in DKK: DKK 100 million
Amount in EUR: EUR 13.4 million
Maturity: 5 years
NACE sector / loan type: Financial intermediation, except insurance and pension
Business area: Financial institutions and SMEs

Project

The 5-year-maturity loan totalling DKK 100 million has been provided to Nørresundby Bank (NB) for onlending to finance projects of small and medium-sized enterprises, including agricultural projects and cross-border environmental investments in establishing windmill parks. Founded in 1898, NB is a public limited company listed on the Copenhagen Stock Exchange. NB has 19 branches all located in northern Jutland. The customer base is comprised of some 50,000 private individuals and approximately 4,000 corporates.

Sustainability summary

Nørresundby Bank's lending for wind power and agricultural projects will have a positive environmental impact. The wind power projects are estimated to lead to a substantial reduction of greenhouse gas emissions. A 75% share of the project qualifies as an environmental investment.