Denmark. Ringkjøbing Bank A/S
| Date of agreement: | 23 Mar 2007 |
|---|---|
| Country: | Denmark |
| Customer: | Ringkjøbing 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 |
Project
The 5-year-maturity loan totalling DKK 100 million has been provided to Ringkjøbing Bank (RB) for onlending to small and medium-sized enterprises for investments primarily in wind power, as well as environmentally friendly investments in the farming sector. RB began its operations in 1872. Today, RB is a joint-stock company listed on the Copenhagen Stock Exchange. RB has approximately 30,000 customers.
Sustainability summary
Ringkjøbing Bank’s lending for wind power projects will have a positive environmental impact. The wind power projects are expected to lead to a substantial reduction of greenhouse gas emissions. A 75% share of the project qualifies as an environmental investment.