10 Sep 2019
EUR 30.2 million
Infrastructure, transportation and telecom
NIB has extended its loan facility with Danish Ringkjøbing Landbobank with EUR 30 million for onlending to wind power projects and small and medium-sized enterprises (SMEs).
Ringkjøbing Landbobank has built a substantial project pipeline in wind energy and the SME sector to be co-financed with the means borrowed from NIB. SME investments financed by the bank are typically production equipment, such as robots in the metal industry and milk robots in farming.
“The SME sector creates a considerable share in aggregate output and employment in our member countries. Therefore, we expect the loan facility with Ringkjøbing Landbobank to help raise the productivity and efficiency of investments in wind power projects and SMEs,” says Henrik Normann, NIB President & CEO.
Ringkjøbing Landbobank, established in 1886, is a full-service regional bank that ranks among the 15 largest banking groups in Denmark in terms of total assets. It operates mainly in central and western Jutland.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
For further information, please contact
Ms Sari Cabell, Senior Manager Origination, at +358 10 618 0519,
Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,