5 Dec 2019
EUR 20 million
Financial institutions and SMEs
|Date of agreement:||15 Sep 2017|
|Customer:||Ringkjøbing Landbobank A/S|
|Amount in DKK:||DKK 200 million|
|Amount in EUR:||EUR 26.88 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The loan programme has been provided for financing environmental projects and small and medium-sized enterprises (SMEs). Prior the new facility, since 1999, NIB has granted fourteen loan facilities placed with Ringkjøbing Landbobank for Danish SMEs and renewable energy projects, with a total disbursed amount of EUR 215 million. Ringkjøbing Landbobank, established in 1886, is a full-service regional bank that ranks among the ten largest banking groups in Denmark in terms of total assets.
Improved access to financing is expected to support productivity growth in SMEs. A part of the loan programme’s funds may be used in renewable energy production.
The potential risk for negative environmental impact is assessed to be low.