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    Signature(s)

    Amount
    € 15,000,000
    Countries
    Sector(s)
    Lithuania : € 15,000,000
    Credit lines : € 15,000,000
    Signature date(s)
    13/03/2009 : € 15,000,000

    Summary sheet

    Release date
    27 May 2008
    Status
    Reference
    Signed | 13/03/2009
    20080265
    Project name
    Promoter - financial intermediary
    DnB Nord Bankas Global Loan

    AB DnB Nord Bankas

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 15 million.
    Not applicable
    Location
    Sector(s)
    Description
    Objectives

    Financing of small and medium-scale projects according to the Bank’s eligibility criteria in the fields of environment, infrastructure, development of a knowledge-based economy, rational use of energy, health, education, as well as industry, services and tourism in Lithuania.

    The credit line would contribute to the development of term finance in Lithuania. Through the financial intermediary, the credit line would provide long-term funding for eligible projects promoted by SMEs and by private and public promoters in eligible sectors.

    Environmental aspects
    Procurement

    Compliance with EU Directives and national environmental legislation will be made a condition for each sub-project under the credit line.

    Compliance with EU Directives and national procurement legislation, where applicable, will be made a condition for each sub-project under the credit line.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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