Norges Bank has signed lending agreement with Seðlabanki Islands

Norway July 1 - Loan agreements have today been signed between Iceland and Denmark, Finland, Norway and Sweden respectively. Under the agreements the Nordic lenders stand ready to provide Iceland with long-term loans totalling EUR 1.775 billion. At the request of the Icelandic central bank, the Norwegian authorities approved a long-term loan in November 2008 to support Iceland’s economic stabilisation programme with the International Monetary Fund (IMF). Emphasis was placed on providing support as a joint measure with the other Nordic countries. Today’s signing of the agreements is a realisation of the Nordic countries’ pledge to support Iceland. Norway’s share of the loan is EUR 480 million, or about NOK 4.3 billion. The loan agreement with Norway is between Norges Bank and Seðlabanki Islands, guaranteed by Iceland and Norway. The loan has a maturity of 12 years with an i
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The Norwegian American

Published since May 17, 1889 PO Box 30863 Seattle WA 98113 Tel: (206) 784-4617 • Email: naw@na-weekly.com

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