5 Dec 2019
EUR 20 million
Financial institutions and SMEs
|Date of agreement:||21 Feb 2007|
|Customer:||Nørresundby Bank A/S|
|Amount in DKK:||DKK 100 million|
|Amount in EUR:||EUR 13.4 million|
|NACE sector / loan type:||Financial intermediation, except insurance and pension|
|Business area:||Financial institutions and SMEs|
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.
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.