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OKOBANK GL III

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Finland : € 100,000,000
Credit lines : € 100,000,000
Signature date(s)
12/09/2002 : € 100,000,000
Link to source
Data sheet
OKOBANK GL III
Other links
Summary sheet
OKOBank (Global Loan III)
Related press
EUR 100 mio to OKO Bank for economic development in Finland

Summary sheet

Release date
19 September 2002
Status
Reference
Signed | 12/09/2002
20010624
Project name
Promoter - financial intermediary
OKOBank (Global Loan III)
OKOBank plc
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
Min. EUR 200 million
Location
Sector(s)
Description
Objectives

Global Loan for the financing of small- and medium sized infrastructure investemnts in Finland and possibly other EU countries.

Through the financial intermediary, the Global Loan would provide final beneficiaries with long-term funds at favourable conditions 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.

Comments

Infrastructure investments aiming at job creation, protection of the environment, energy savings, urban renewal and health and education.

Link to source
Summary sheet
OKOBank (Global Loan III)
Other links
Data sheet
OKOBANK GL III
Related press
EUR 100 mio to OKO Bank for economic development in Finland

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).

News & Stories

Link to source
Related press
EUR 100 mio to OKO Bank for economic development in Finland
Other links
Data sheet
OKOBANK GL III
Summary sheet
OKOBank (Global Loan III)

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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