Tag Archives: André Küüsvek

Kemira Secures NIB Financing to Accelerate Industrial-Scale Biomaterials Production with IFF Partnership

(IN BRIEF) The Nordic Investment Bank (NIB) has approved a EUR 50 million, 10-year loan to Kemira for constructing a new biomaterials production facility in Finland. The project, jointly developed with International Flavors & Fragrances (IFF), will produce bio-based alpha-glucans … Read the full press release

NIB creates new financing structure enabling investors to support ambitious corporate sustainability targets

(IN BRIEF) The Nordic Investment Bank has introduced its Sustainability-linked Loans Financing Bond Framework, enabling the issuance of bonds tied to portfolios of sustainability-linked loans that incentivize companies to achieve ambitious environmental performance goals. This framework strengthens NIB’s role in … Read the full press release

NIB Provides €18.3 Million Financing for LEED Platinum Rental Housing in Turku and Kirkkonummi

(IN BRIEF) NIB has extended an €18.3 million, 10-year loan to Joo Group Oy to support four new residential buildings in Turku and Kirkkonummi, Finland, totaling a €40 million investment. Slated for delivery in 2025, the developments will add nearly … Read the full press release

NIB Commits SEK 860 Million to Retrofit Stockholm’s Heritage-Listed Söderhallarna for 50 % Energy Savings

(IN BRIEF) NIB has agreed to lend SEK 860 million (≈ EUR 79.5 million) over ten years to Atrium Ljungberg for the overhaul of Söderhallarna in Stockholm, reducing its energy use by 50 percent. The 1992-built landmark will retain its … Read the full press release

NIB Funds Poland’s Bałtyk Offshore Wind Farms to Accelerate Green Energy and Cut CO2 Emissions

(IN BRIEF) The Nordic Investment Bank (NIB) will provide two 26-year loans worth EUR 126 million to support the construction of Poland’s Bałtyk 2 and Bałtyk 3 offshore wind farms. Jointly developed by Norway’s Equinor Wind Power and Poland’s Polenergia, … Read the full press release

NIB Validates Ambitious Emission Reduction Targets with SBTi, Paving the Way for a Greener Future

(IN BRIEF) The Nordic Investment Bank (NIB) has received official validation for its emission reduction targets from the Science Based Targets initiative (SBTi), confirming its alignment with a 1.5°C pathway. These targets, announced at COP28 in 2023, are part of … Read the full press release

NIB and Valoo Oy Partner to Expand Fibre Infrastructure and Boost High-Speed Internet Access in Finland

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a EUR 40 million loan agreement with Valoo Oy, a Finnish internet service provider, to support the expansion of fibre infrastructure in Finland. The loan, backed by the InvestEU Guarantee, will … Read the full press release

NIB Provides EUR 33.5 Million Loan to Tønder Biogas for One of Europe’s Largest Biogas Facilities

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 16-year loan agreement worth DKK 250 million (EUR 33.5 million) with Tønder Biogas A/S to finance one of Europe’s largest biogas facilities in Tønder, Denmark. The plant, set to begin … Read the full press release

NIB and Hemsö Secure SEK 700 Million Loan for Sustainable Infrastructure Projects in Sweden and Finland

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a SEK 700 million loan agreement with Hemsö Fastighets AB to finance several projects in Sweden and Finland, including the refurbishment of educational buildings in Helsinki and Turku and the construction … Read the full press release

NIB Supports Hydropower Expansion in Norway with EUR 42.8 Million Loan to SKL

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a 7-year EUR 42.8 million loan agreement with Sunnhordland Kraftlag AS (SKL) to finance the modernization of the Løkjelsvatnet hydropower plant in Etne, Norway. Completed in October, the upgrade doubled the … Read the full press release

Epiroc Secures $150 Million Sustainability-Linked Loan to Drive Decarbonization in the Mining Industry

(IN BRIEF) Epiroc has secured a USD 150 million, ten-year sustainability-linked loan from the Nordic Investment Bank (NIB) to support its ambitious climate goals aimed at reducing carbon emissions in the mining industry. The agreement is tied to three key … Read the full press release

NIB Invests €10 Million in Spar Nord Bank’s Green MREL-Eligible Bond to Boost Danish SME Financing

(IN BRIEF) The Nordic Investment Bank (NIB) has invested €10 million in a €250 million, 6-year Green MREL-eligible bond issued by Denmark’s Spar Nord Bank. This bond helps the bank meet EU regulatory requirements for loss absorption and capital recovery … Read the full press release

NIB and Kesko Sign €150 Million Sustainability-Linked Loan to Cut Emissions and Food Waste

(IN BRIEF) NIB and Kesko have signed a €150 million, 7-year sustainability-linked loan aimed at reducing Kesko’s greenhouse gas emissions and food waste. The loan’s interest rate is tied to Kesko’s progress on three key performance indicators: a 90% reduction … Read the full press release

NIB Finances Pärnu’s Largest Infrastructure Project with EUR 15 Million Loan

(IN BRIEF) The Nordic Investment Bank (NIB) has provided a EUR 15 million loan to the City of Pärnu, Estonia, to fund key infrastructure projects, including the construction of a new city bridge, which will be the longest in the … Read the full press release

Nordic Investment Bank’s Chief Risk Officer Hilde Kjelsberg Announces Retirement After 18 Years of Service

(IN BRIEF) Hilde Kjelsberg, the Chief Risk Officer at the Nordic Investment Bank, will retire after nearly two decades of service. She has been instrumental in modernizing the bank’s risk and compliance functions. NIB has begun the process of finding … Read the full press release

Ericsson Secures EUR 100 Million Loan from NIB to Advance Wireless Technology Efficiency

(IN BRIEF) Ericsson, a prominent Swedish telecommunications company, has secured a new EUR 100 million loan from the Nordic Investment Bank (NIB) to bolster its research and development efforts aimed at enhancing wireless technology efficiency. This loan, NIB’s second for … Read the full press release

Nordic Investment Bank Supports EcoDataCenter’s Expansion with SEK 280 Million Loan

(IN BRIEF) The Nordic Investment Bank (NIB) has finalized a SEK 280 million (approx. EUR 24 million) five-year loan agreement with EcoDC AB (EcoDataCenter) to support the expansion of its Falun data centre in Sweden. This funding will enable EcoDataCenter … Read the full press release

NIB Commits EUR 100 Million for Modernization of Hospital Infrastructure in North Savo

(IN BRIEF) The Nordic Investment Bank (NIB) has entered into an uncommitted credit facility of EUR 100 million with the Wellbeing Services County (WSC) of North Savo, Finland, marking their second loan agreement. This 20-year loan is designated for the … Read the full press release

NIB Partners with City of Stockholm to Build World’s Largest Underground Wastewater Treatment Facility

(IN BRIEF) The Nordic Investment Bank (NIB) has inked a 10-year loan agreement with the City of Stockholm to fund the construction of the world’s largest underground wastewater treatment facility at Henriksdal. Valued at SEK 2 billion (EUR 172 million), … Read the full press release

NIB Reports Strong First Quarter Performance and Expands Green Financing Initiatives

(IN BRIEF) The Nordic Investment Bank (NIB) announces a robust performance for the first quarter of 2024, with close to EUR 1 billion in new lending signed and EUR 643 million disbursed. The bank’s annual meeting of the Board of … Read the full press release