Release date: 19 February 2024
Promoter – Financial Intermediary
JYSKE BANK A/S,JYSKE FINANS A.SLocation
Description
The project consists of a loan to finance small and medium-sized enterprises (SMEs) in Denmark, including a dedicated Climate Action window.
Additionality and Impact
The operation will provide funding to the Borrower, Jyske Bank A/S, with the aim of generating additional lending to Danish SMEs, Midcaps and Public Sector and other private eligible entities. Jyske Bank's leasing subsidiary Jyske Finans will act as main Intermediary of the EIB funds. The operation is focused on SMEs and Midcaps, and it is thus expected to improve access to finance in this sector, and hence its competitiveness and productivity. The EIB loan attractive pricing will allow Jyske Bank to offer more favourable financing conditions (longer maturities, lower and flexible rates) to final beneficiaries. Through the green window dedicated to Climate Action and Environmental Sustainability (CA&ES) the operation is expected to contribute to investments in sustainable urban mobility and energy efficiency thus helping to reduce negative externalities and GHG emissions.
Objectives
The aim is to enhance access to finance to the target beneficiaries.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 29/06/2023
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).