NIB and Denmark’s A/S Arbejdernes Landsbank have agreed on a five-year financing facility, totalling EUR 50 million, for financing environmental projects and small and medium-sized enterprises (SMEs).
HELSINKI, 17-Mar-2016 — /EuropaWire/ — The facility is earmarked for SME investments made by owner-managed companies in various industries and environmental projects, such as energy efficiency investments and wind turbines.
“NIB welcomes Arbejdernes Landsbank as a new customer and sees this new partnership as an important step in reaching out to smaller businesses in Denmark, the backbone of the country’s economy”, says Henrik Normann, NIB President & CEO.
Founded in 1919, Arbejdernes Landsbank is Denmark’s seventh largest bank. It is a full service retail bank with approximately 250,000 customers, mainly private and SMEs, in most regions of the country.
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.
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