25 Mar 2020
EUR 750 million
|Date of agreement:||10 Dec 2007|
|Customer:||Føroya Banki P/F|
|Amount in EUR:||EUR 10 million|
|NACE sector / loan type:||Financial intermediation, except insurance and pension|
|Business area:||Financial institutions and SMEs|
The 5-year-maturity EUR 10 million loan has been granted to Føroya Banki for onlending to small and medium-sized enterprises that invest in projects in various sectors of the Faroese economy. Føroya Banki, established in 1906, has been listed on the stock exchanges in Iceland and Denmark since 21 June 2007.
It is assumed that all proposed subloans financed by Føroya Banki will follow existing laws and regulations and obtain the necessary certificates.