The European Investment Bank Group (EIB), comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has signed a €1.8 billion agreement to finance new sustainable initiatives for small and medium-sized businesses in Sweden and Finland via Nordea.
The green loans will be provided to eligible companies as part of the European Union’s investment initiative, which aims to encourage long-term sustainable economic growth in Europe.
In a statement to the bank, EIB Vice President Thomas Ostros said the project is a good example of how European finance can truly and directly impact the European economy while giving an incentive to green investments.
He expressed the Bank’s happiness to cooperate once again with Nordea with the aim of supporting and promoting economic recovery based on a sustainable green transformation and achieving the goal of reducing carbon dioxide emissions.
For his part, head of Nordea banking services in Sweden, Peter Dalmmalm, said that the agreement is expected to contribute to achieving the sustainability goals of the investment plan in Europe, which is specifically designed for small and medium-sized companies, as Nordea has already signed an agreement with the European Investment Fund (EIF). To support small and medium-sized companies in Sweden, Finland and Denmark last March, with the aim of supporting growth and employment in Scandinavia and lending to companies facing temporary economic repercussions due to the Corona virus epidemic.
Dalmaam emphasized Nordea’s commitment to achieving net zero emissions by 2050 and reducing CO2 emissions from its lending portfolio by 40-50% by 2030.
Source – ASHA
The article “European Investment” signs an agreement to support small and medium-sized companies in Scandinavia was written in Al Borsa newspaper.