All agreed loans

Finland. Finnish Fund for Industrial Cooperation Ltd

Date of loan: 17 Aug 2015
Country: Finland
Customer: Finnish Fund for Industrial Cooperation Ltd
Amount in USD: USD 40 million
Amount in EUR: EUR 36 million
Maturity: 10 years
NACE sector / loan type: Loan programme
Business area: Financial institutions and SMEs

Project

The loan programme is provided for onlending to projects in target countries of the Finnish Fund for Industrial Cooperation Ltd. (Finnfund). Eligible projects are expected to comply with NIB’s mandate and sustainability policy.

Finnfund’s aim is to increase lending to projects in developing countries that involve Finnish partners or technology suppliers. Finnfund’s operations include project financing in the manufacturing sector, forestry, agribusiness, power generation, telecommunications and services. Finnfund is Finland’s development finance institution that provides long-term investment loans and risk capital to private projects in developing markets.

Fulfilment of NIB's mandate

Each request for allocation of funding will be evaluated for compliance with NIB’s competitiveness and environmental mandate.

 

Sustainability summary

Finnfund will assess each allocation within the loan programme for its impact on the environment and social sustainability.

Press release

NIB lanserar nytt låneprogram med Finnfund

 

Press release

NIB lanseeraa uuden lainaohjelman Finnfundin kanssa