- EIB approves DKK 1.5 billion (EUR 200m) loan facility for Jyske Bank to expand lending to SMEs and mid-caps and signs first tranche of DKK 750 million
- At least 20% of total loan amount destined for sustainable projects including public transport solutions
The European Investment Bank (EIB) and Jyske Bank A/S of Denmark have signed a DKK 750 million loan agreement in support of small and medium-sized companies and mid-caps. The signature concerns the first tranche of a larger facility of DKK 1.5 billion, approved by the EIB earlier this month. Through on-lending by Jyske, the EIB loan will contribute to sustainable growth and employment in Denmark.
With climate change high on the agenda of most financial institutions, the agreement provides that at least 20% of the available funding will be channelled to companies with climate-relevant business models or plans. The eligible sectors include sustainable public transport, for example in the form of electric buses.
“Access to finance remains an issue throughout Europe, whether we like it or not" said EIB Vice-President Alexander Stubb. “This facility is destined for those businesses that might otherwise have a hard time getting finance. Denmark remains a hotbed for innovation, in terms of both products and business ideas, so I’m very glad to see that the EIB can lend a helping hand to that ecosystem.”
“Since our first agreement in 2012, the EIB contribution to financing our leasing business at Jyske Finans A/S has proved invaluable as it ensures the continuation of market-leading solutions for our customers. The climate agenda is of increased focus for Jyske Bank A/S and Jyske Finans A/S, especially in terms of innovative road transportation solutions, but with regard to climate improvement in other sectors as well. We enjoy and look forward to continuing the cooperation with EIB on this kind of business” said Claus Birn Jensen, Director of the Corporate Competence Centre, and Allan Mortensen, Head of Sales of Jyske Finans.