All agreed loans

Finland. Pohjola Bank plc

Date of agreement: 20 Jun 2011
Country: Finland
Customer: Pohjola Bank plc
Amount in EUR: EUR 50 million
Maturity: 8 years
NACE sector / loan type: Loan programme

This loan contributes to climate change mitigation: 70%
This loan has a positive effect on maritime environments: 30%


The 8-year-maturity loan programme totalling EUR 50 million has been provided for onlending to projects in line with the NIB eligibility criteria, particularly in the areas of energy efficiency and wastewater treatment. The loan facility is aimed at housing companies, SMEs and large corporations.

As agreed with the project sponsor, subloans are to fall into one of the following categories:

1. Projects that reduce or treat wastewater discharges: for instance, discharge from households, buildings, waste discharge stations at marinas.

2. Projects that reduce emissions to water courses: for instance, improved fertiliser and manure handling, the construction of exclusion zones between fields and watercourses.

3. Renovation of existing constructions that either reduce emissions to the air and improve buildings' energy efficiency or replace fossil fuel-based energy with renewable energy: for instance, connection to a district heating system, heat pumps, ground heat, solar panels, changing windows, heat insulation of roofs, walls and floors, connection to a district cooling system, the installation of heat recovery systems.

Pohjola Bank ranks among the leading corporate banks in Finland and provides banking, non-life insurance and asset management services to corporate and institutional customers. Pohjola Bank is in the core of Finland's OP-Pohjola Group, which consists of over 200 member cooperative banks, and OP-Pohjola Group Central Cooperative, which is owned by the member banks, along with its subsidiaries and closely related companies. The group has over 4 million customers.

Fulfilment of NIB's mandate

The NIB loan will enhance and put in special focus projects with positive environmental impacts and reduced emissions. The target is to support actions that increase energy efficiency as well as promote the use of environment-friendly solutions in the heating systems. The target is also to support actions against the so-called diffuse small-scale emissions into lakes and the sea as well as to promote the use of environment-friendly solutions in the heating systems in the countryside.

Sustainability summary

The OP-Pohjola Group is currently developing an environmental programme for each of its group members. The environmental programme includes the development of a climate programme and an environmental action plan.

Press release

NIB-lån till Pohjola för minskad miljöpåverkan inom bostadssektorn


Press release

NIBin laina Pohjolalle asuntorakentamisen ympäristövaikutusten vähentämiseksi