All agreed loans

Norway. Sparebanken Øst

Date of loan: 27 May 2008
Country: Norway
Customer: Sparebanken Øst
Amount in NOK: NOK 300 million
Amount in EUR: EUR 38.1 million
Maturity: 10 years
NACE sector / loan type: Financial intermediation, except insurance and pension
Business area: Financial institutions and SMEs

Project

The loan has been provided for onlending for infrastructure development as well as small and medium-sized enterprise projects in southeastern Norway. Sparebanken Øst was established in 1843. Today the bank operates a 23-strong branch network.

Sustainability summary

The subprojects proposed by Sparebanken Øst are expected to have manageable environmental impacts. It is expected that all subloans will receive the necessary permits and follow applicable laws and regulations. The bank is to inform NIB about possible changes to the proposed subprojects that could result in high environmental risks for a possible review of the environmental classification and risks.