Finland. Suomen Hypoteekkiyhdistys
| Date of agreement: | 09 Jun 2023 |
|---|---|
| Country: | Finland |
| Customer: | Suomen Hypoteekkiyhdistys |
| Amount in EUR: | EUR 20 million |
| Maturity: | 7 years |
| NACE sector / loan type: | Loan programme |
Project
NIB agrees a 7-year loan agreement with the Mortgage Society of Finland (Hypo) for on-lending to projects with positive environmental effects in Finland.
The EUR 20 million loan will co-finance environmental projects undertaken by households and housing companies. This initiative aims to support the implementation of energy efficiency and renewable energy projects in building renovations, including heating, ventilation, isolation systems, and electric car charging points.
Hypo is a specialist in analysis of market trends within the housing sector. Since 2010, NIB and Hypo have signed 3 loans of approximately EUR 30 million for energy efficiency improvements for households or housing companies.
Fulfilment of NIB's mandate
Eligible projects are small scale projects by housing companies that aim to enhance energy efficiency of buildings, to install renewable energy at buildings (for example geothermal heating) or investments in electrical charging infrastructure.
Sustainability summary
No sustainability risks have been identified in relation to the projects.
