Release date: 9 November 2005
Promoter – Financial Intermediary
Nordea Bank Polska SA; Nordea Bank Finland PLCLocation
Description
Global Loan for the financing of smaller scale projects in the Baltic Sea region, carried out by SMEs and/or public sector promoters primarily in the fields of environmental, rational use of energy, infrastructure including health and urban renewal, development of a knowledge-based economy (i2i), education and training.
Objectives
The Global Loan would be fully in line with the Bank’s strategic objectives, in particular Economic and social cohesion and Regional Development. It will support smaller investments, in Poland and the Baltic States, which are of crucial importance for economic growth and modernization. All of the funds will contribute to the respective countries’ convergence within the EU, as the whole region is defined as an Objective 1 assisted area.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 170 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
Compliance with EU and national environmental legislation and guidelines will be made a condition for each allocation under the global loan.
Procurement
Compliance with EU Directives and national legislation and guidelines is made a condition for each allocation under the global loan.
Status
Signed - 22/12/2005
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).