NIB opens environmental loan facility for Black Sea countries
(Thomson Reuters ONE) -
The Nordic Investment Bank (NIB) and the Black Sea Trade and Development Bank
(BSTDB) have concluded a new agreement opening a loan facility aimed at reducing
greenhouse gas emissions in the BSTDB's member countries.
The new loan programme has a 10-year maturity and totals EUR 30 million. At
least 70% of the loan programme is to be allocated for this purpose of reducing
the emissions of greenhouse gases in countries around the Black Sea. Sub-
projects are expected to be implemented in the sectors of renewable energy,
energy efficiency and energy saving as well as public transportation.
"One of the priorities for NIB's lending operations is to contribute to
mitigating climate change and the effective use of energy in different regions,"
says Johnny Åkerholm, NIB President and CEO.
"The close ties between businesses in the Black Sea region countries and our
membership area as well as the long history of cooperation between the BSTDB and
NIB make this contribution even more fruitful and long-lasting."
The funds of the loan programme will also be used for projects involving
advanced technology from and cooperation with enterprises from NIB's member
countries.
The BSTDB is an international financial institution of Albania, Armenia,
Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and
Ukraine. The bank supports economic development and regional cooperation by
providing trade and project financing, guarantees, and equity for development
projects supporting both public and private enterprises in its member countries.
The Nordic Investment Bank (NIB) is the common international financial
institution of the eight Nordic and Baltic countries. NIB provides long-term
financing to the energy, environmental, transport, logistics and communications,
and innovation sectors for projects that strengthen competitiveness and enhance
the environment. 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 Taina Ulkoniemi, Senior Manager Origination, at +358 10 618 0231,
taina.ulkoniemi(at)nib.int
Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,
dimitrijs.alehins(at)nib.int
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Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1522415]
Unternehmensinformation / Kurzprofil:
Datum: 09.06.2011 - 15:06 Uhr
Sprache: Deutsch
News-ID 55452
Anzahl Zeichen: 3067
contact information:
Town:
Helsinki
Kategorie:
Business News
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"NIB opens environmental loan facility for Black Sea countries"
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