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Signature(s)

Amount
€ 140,000,000
Countries
Sector(s)
Denmark : € 140,000,000
Credit lines : € 140,000,000
Signature date(s)
29/07/2024 : € 140,000,000
Link to source
Other links

Summary sheet

Release date
16 September 2024
Status
Reference
Signed | 29/07/2024
20230882
Project name
Promoter - financial intermediary
JYSKE BANK LOAN FOR SMES AND MIDCAPS V
JYSKE BANK A/S,JYSKE FINANS A.S
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 140 million
not applicable
Location
Sector(s)
Description
Objectives

The operation consists of a loan to the intermediary to support small and medium sized enterprises (SMEs), midcaps and local authorities in Denmark.

The aim is to enhance access to finance to the target beneficiaries.

Additionality and Impact

The operation will support the financing of small-scale investments carried out by SMEs and MidCaps in Denmark. The uncertainties in the global economy due to the war in Ukraine, inflation, energy prices, high interest rates and unrest in the Middle East have exacerbated the difficulties that SMEs and MidCaps experience in accessing cost-effective, long-term finance. By generating additional lending capacity, the proposed operation supports investments in productive assets, energy efficiency and sustainable transport undertaken by SMEs and MidCaps. The Financial Intermediary is specialized in SME finance, has a wide network and thereby ensures higher market reach for EIB financing. The project will generate a positive effect on SMEs and Mid-Caps by offering longer-term financing and lower financing costs.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Milestone
Under appraisal
Approved
Signed
17 July 2024
29 July 2024
Link to source

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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