26 Sep 2019
EUR 17 million
Industries and services
|Date of agreement:||17 Jul 2007|
|Amount in EUR:||EUR 7.5 million|
|NACE sector / loan type:||Financial intermediation, except insurance and pension|
|Business area:||Financial institutions and SMEs|
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.
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.