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        KOMMUNEKREDIT GL V

        Signature(s)

        Amount
        € 134,517,083.67
        Countries
        Sector(s)
        Denmark : € 134,517,083.67
        Credit lines : € 134,517,083.67
        Signature date(s)
        24/05/2002 : € 134,517,083.67

        Summary sheet

        Release date
        19 October 2001
        Status
        Reference
        Signed | 24/05/2002
        20000383
        Project name
        Promoter - financial intermediary
        KommuneKredit (Global loan V)
        KommuneKredit, Copenhagen
        Proposed EIB finance (Approximate amount)
        Total cost (Approximate amount)
        DKK 1.0 billion (EUR 134.5 million)
        Min. DKK 2.0 billion (EUR 269 million)
        Location
        Sector(s)
        Description
        Objectives

        Global Loan for the financing of small and medium-sized public entities in the fields of health, education, environment, information and communication technology and urban development in Denmark.

        Through the financial intermediary, the Global Loan would provide final beneficiaries, notably local authorities and their associated entities, with long-term funds at favourable conditions contributing to reducing investment costs and better match the expected economic life of the investments.

        Environmental aspects
        Procurement

        Compliance with EU directives and national legislation and guidelines will be made a condition and is to be confirmed for each allocation under the Global Loan.

        EIB procurement rules applicable to Global Loans will pertain.

        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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