NIB and Ringkjøbing Landbobank launch new SME facility in Denmark

NIB and 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 ten-year facility will be used to finance renewable energy projects and SME investments in machinery and equipment in various industries, for instance in agriculture or fishing industry. NIB and Ringkjøbing Lanbobank have been cooperating in financing smaller businesses and environmental projects since 1999.

Ringkjøbing Landbobank, established in 1886, is a full-service regional bank that ranks among the ten 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,