25 Mar 2020
EUR 750 million
|Date of agreement:||22 May 2007|
|Customer:||Roskilde Bank A/S|
|Amount in DKK:||DKK 150 million|
|Amount in EUR:||EUR 20.1 million|
|NACE sector / loan type:||Financial intermediation, except insurance and pension|
|Business area:||Financial institutions and SMEs|
The 8-year-maturity loan totalling DKK 150 million is provided to Roskilde Bank (RB) for onlending to finance energy and environmental investments as well as investments of small and medium-sized enterprises. RB is among the oldest of NIB's financial intermediaries in Denmark. Established in 1884, RB is now listed on the Copenhagen Stock Exchange. RB's market area is the island of Zealand, which accounts for 40% of Denmark's population. The bank has 25 branches.
Roskilde Bank has internal procedures to deal with environmental aspects of subprojects. It is expected that all subloans will receive the necessary permits and follow applicable laws and regulations. The proposed investments in wind power are expected to lead to a substantial reduction of CO2 emissions. A 25% share of the project qualifies as an environmental investment.