Sweden. Sparbanken Finn
| Date of agreement: | 14 Dec 2009 |
|---|---|
| Country: | Sweden |
| Customer: | Sparbanken Finn |
| Amount in EUR: | EUR 14.8 million |
| Maturity: | 10 years |
| NACE sector / loan type: | Financial intermediation, except insurance and pension |
This loan contributes to climate change mitigation: 50%
This loan has a positive effect on maritime environments: 50%
Project
The 10-year-maturity loan totalling EUR 15 million has been provided for financing Sparbanken Finn’s onlending for small-scale environmental investments in Sweden. Sparbanken Finn will channel the funds to projects that will reduce diffuse emissions to both air and water in the southern parts of Sweden. The investment will help alleviate the problem of low-level emissions that cumulatively have a significant impact on the environment.
The loan facility is aimed at households, farmers and small and medium-sized enterprises. In order to qualify for a loan, a project has to clean or reduce wastewater, reduce emissions to air, implement renewable energy systems or involve environmentally friendly agricultural improvements.
Sustainability summary
The loan to Sparbanken Finn will be utilised as sub-loans to finance environmental projects that various customers are carrying out in order to address diffuse emissions. The expected positive environmental effects are reduced or prevented emissions to air and water courses in southern Sweden, which also forms part of the Baltic Sea’s drainage area.
The loan will be financed under NIB’s BASE and CLEERE facilities.