ANNOUNCEMENT 23 Sep 2012

On 23 September 2012, the EIB provided financing worth EUR 100 million (USD 129 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 23 Sep 2012 | Removal date: open ended

State loan

On 23 September 2012, the European Investment Bank (EIB) and Pohjola Bank Plc signed an agreement worth EUR 100 million (approx. USD 129 million) for the project Pohjola Bank Loan for Municipalities from Finland.

According to the project description issued by the EIB, A credit line for part-financing predominantly environmental and urban development projects promoted by local public authorities or other eligible beneficiaries in Finland..

The objective of the project is defined as following: Improving access to term finance at favourable conditions to support local authorities small and medium-sized projects through Pohjola Banks extensive network in Finland..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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