Denmark. Sparekassen Thy
| Date of agreement: | 17 Jul 2007 |
|---|---|
| Country: | Denmark |
| Customer: | Sparekassen Thy |
| Amount in EUR: | EUR 7.5 million |
| NACE sector / loan type: | Financial intermediation, except insurance and pension |
Project
The loan totalling EUR 7.5 million will finance small and medium-sized enterprises, primarily making environmental investments in the farming sector, including biogas plants and energy projects, for instance windmills. Sparekassen Thy, founded in 1829, is a savings bank running a 16-strong branch network located in the north-western part of Jutland.
Sustainability summary
ST’s lending for wind power, agricultural projects and environment-friendly cars has a positive environmental impact. The agricultural projects are expected to reduce the run-off of nutrients, and the wind power projects are expected to reduce greenhouse gas emissions. A 50% share of the project qualifies as an environmental investment.