All agreed loans

Denmark. Føroya Banki P/F

Date of loan: 10 Dec 2007
Country: Denmark
Customer: Føroya Banki P/F
Amount in EUR: EUR 10 million
Maturity: 5 years
NACE sector / loan type: Financial intermediation, except insurance and pension
Business area: Financial institutions and SMEs

Project

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.

Sustainability summary

It is assumed that all proposed subloans financed by Føroya Banki will follow existing laws and regulations and obtain the necessary certificates.