All agreed loans

China. Government through Ministry of Finance

Date of loan: 30 Jan 2012
Country: China
Customer: Government through Ministry of Finance
Amount in USD: USD 50 million
Amount in EUR: EUR 38.1 million
Maturity: 15 years
NACE sector / loan type: Loan programme
Business area: Financial institutions and SMEs

Project

NIB's fourth Rural Loan Programme totalling USD 50 million (EUR 38 million) has been provided for the financing of projects fulfilling NIB's mandate within various sectors in rural areas.

Fulfilment of NIB's mandate

In connection with the prioritised investments in the modernisation and capacity increase within various sectors currently being undertaken by the Chinese authorities, several Nordic/Baltic companies, including SME's, have been able to offer the technologies and equipment sought by the Chinese counterparties.

Sustainability summary

Each allocation under the loan programme will be reviewed for compliance with NIB's environmental policy and guidelines and assessed on its own merits.