All agreed loans

Finland. Finnish Fund for Industrial Cooperation Ltd

Date of agreement: 9 Apr 2019
Country: Finland
Customer: Finnish Fund for Industrial Cooperation Ltd
Amount in USD: USD 40 million
Amount in EUR: EUR 35.6 million
Maturity: 10 years
NACE sector / loan type: Loan programme
Business area: Financial institutions and SMEs

Project

The loan has been provided to Finnfund (Finnish Fund for Industrial Cooperation Ltd) for onlending to projects that comply with NIB’s mandate in developing markets.

Finnfund finances both greenfield and expansion projects, and can support investments that involve Nordic business or development policy interests. NIB and Finnfund have been successfully cooperating since 2003.

Finnfund is a Finnish development finance company that invests in responsible and profitable businesses in developing countries. Finnfund provides businesses with risk capital, long-term investment loans, mezzanine financing and expertise. Finnfund’s operations include financing in sectors such as sustainable forestry, agriculture and clean energy.

Fulfilment of NIB's mandate

Each allocation under the facility will be reviewed by NIB. The environmental impact of potential investments will be assessed based on NIB’s Climate Change Mitigation Criteria in non-member countries.

Sustainability summary

All allocations under the loan programme are required to comply with NIB’s Sustainability Policy and Guidelines.

Press release

NIB ja Finnfund jatkavat kehitysrahoitusyhteistyötä

 

Press release

NIB och Finnfund fortsätter samarbetet inom utvecklingsfinansiering