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Announced

NWB Bank to acquire a sustainability loan portfolio from ASN Impact Investors.

Synopsis

NWB Bank, a Dutch state-owned bank that provides low-cost, long-term financing to the public sector, agreed to acquire a sustainability loan portfolio, comprising operational wind and solar parks with co-located battery storage, from ASN Impact Investors, a Dutch asset manager specializing in sustainable and impact investing. Financial terms were not disclosed. "This partnership with ASN Impact Investors exemplifies that, owing to our affordable and sustainable funding, our offering is additional to that of the commercial banks. By acquiring this portfolio, we are also taking an important step towards our audacious goal: an energy-positive loan portfolio by 2035, heading towards climate-neutral by 2050," Leon Knoester, NWB Bank Head of Specialised Finance.

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