EIB to provide EUR 37m in loans to SMEs in Denmark

(ADPnews) - Dec 9, 2010 - The European Investment Bank (EIB) will provide up to EUR 37 million (USD 49m) in loans for onward lending to SMEs mainly in the region around Denmark's Ringkjobing, in order to improve productivity and competitiveness at firms in a variety of sectors, including renewable energy.

The funds will be provided under an agreement between the EIB and Ringkjobing Landbobank, a Danish regional financial institution, the EIB said yesterday.

Ringkjobing Landbobank is Denmark’s 11th largest bank with a focus on clients in the Western Jutland area in the country.

(EUR 1.0 = USD)

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