NIB and Føroya Banki continue to support SMEs and environmental projects in the Faroe Islands and Greenland
The Nordic Investment Bank (NIB) and the Faroese Føroya Banki have signed a DKK 300 million (EUR 40.2 million) loan agreement for on-lending to small and medium-sized enterprises (SMEs) and small mid-caps, as well as environmental projects in the Faroe Islands and Greenland. The 7-year loan facility will be used to finance SMEs and small mid-caps in various sectors, as well as to support environmental projects in the Arctic region. Føroya Banki will ensure that the projects they finance will fulfill NIB’s eligibility requirements. “Supporting the development of the Arctic region is an