3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||12 Feb 2007|
|Customer:||Aarhus Lokalbank Aktieselskab|
|Amount in DKK:||DKK 40 million|
|Amount in EUR:||EUR 5.4 million|
|NACE sector / loan type:||Financial intermediation, except insurance and pension|
|Business area:||Financial institutions and SMEs|
The 5-year-maturity loan totalling DKK 40 million will be used for onlending to finance projects of small and medium-sized enterprises in the eastern part of Jutland. Among other areas, the financing will be provided for projects aimed at upgrading the heat supply and developing wind mill parks. The bank was founded in 1908 as Hadsten Bank A/S and later changed its name to Aarhus Lokalbank Aktieselskab in June, 2007. Aarhus Lokalbank Aktieselskab is a joint stock company listed on the Copenhagen Stock Exchange.
Aarhus Lokalbank Aktieselskab's lending will have a positive environmental impact. The wind power project is expected to lead to a substantial reduction of greenhouse gas emissions. A 75% share of the project qualifies as an environmental investment.