All agreed loans

Denmark. Ringkjøbing Landbobank A/S

Date of agreement: 23 Aug 2013
Country: Denmark
Customer: Ringkjøbing Landbobank A/S
Amount in EUR: EUR 30 million
Maturity: 10 years
NACE sector / loan type: Loan programme
Business area: Financial institutions and SMEs


The loan programme has been provided for financing wind power projects and small and medium-sized enterprises (SMEs).

Wind turbine financing is one of the niche areas for Ringkjøbing Landbobank. SME investments financed by the bank are typically production equipment, such as robots in the metal industry and milk robots in farming.

Ringkjøbing Landbobank, established in 1886, is a full-service regional bank that ranks among the 15 largest banking groups in Denmark in terms of total assets. It operates mainly in central and western Jutland.

Fulfilment of NIB's mandate

Competitiveness: The project is expected to alleviate credit constraints, which have been identified as a comparative disadvantage for small and medium-sized companies and, thereby, facilitate productivity growth. Eligible projects comply with NIB’s mandate criteria (investments in R&D or tangible capital such as machinery and equipment). Given that SMEs are responsible for a considerable share in aggregate output and employment in the member area, improved access to financing that raises productivity can increase competitive pressure and efficiency on the market.

Environment: The environmental impacts of land-based windmill parks are limited to the construction phase. The project will use known and proven technology and there is a low risk for failures or unexpected outcomes.

Sustainability summary

The loan programme will contribute to the generation of electricity from a renewable source. There are small impacts on the environment during the construction period and neighbours can be disturbed due to the operations of the wind mills during certain conditions.

Press release

NIB udvider samarbejdet med Ringkjøbing Landbobank