All agreed loans

Denmark. Aarhus Lokalbank Aktieselskab

Date of loan: 12 Feb 2007
Country: Denmark
Customer: Aarhus Lokalbank Aktieselskab
Amount in DKK: DKK 40 million
Amount in EUR: EUR 5.4 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 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.

Sustainability summary

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.