The Nordic Investment Bank (NIB) and Finland’s Pohjola Bank plc have signed an agreement for a loan programme, totalling EUR 50 million, earmarked for improving energy efficiency and wastewater treatment in the housing sector and industrial buildings.
Pohjola Bank will open a credit facility for housing companies, SMEs and large corporations in Finland. Subloans will, for instance, finance improvements in the treatment of wastewater from public-use facilities, improved fertiliser and manure handling or building renovation with the purpose of improving buildings’ energy efficiency.
“This loan programme is an example of how NIB in cooperation with an intermediary bank can reach out to smaller-scale projects improving direct impact on the environment. Better waste management and energy efficiency will positively affect both the environment and the standard of living,” says Johnny Åkerholm, NIB President and CEO. Read more