NIB launches new facility with Danish Ringkjøbing Landbobank

NIB and Danish Ringkjøbing Landbobank have agreed on a new loan programme, totalling DKK 150 million (EUR 20 million), for financing environmental projects and small and medium-sized enterprises (SMEs) in Denmark.

The new facility’s maturity is ten years. Since 1999, NIB has concluded twelve loan programmes with Ringkjøbing Landbobank, totalling DKK 1.3 billion (EUR 175 million), for financing renewable energy and SME projects. SME investments often include the manufacturing of industrial production equipment, such robotics for the metal industry or farming.

The latest EUR 30 million programme launched in August 2013 is now fully allocated to wind turbine and solar projects. 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.

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,