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Nefco

Nefco, the Nordic Green Bank, is an international financial institution owned by the Nordic countries that finances the scale-up of Nordic green solutions.

Last updated September 16, 2026

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Overview

Nefco presents itself as the original Nordic Green Bank, an international financial institution owned by the Nordic countries. It supports globally set environmental and climate targets by helping Nordic green solutions scale up faster, focusing on areas where funding is not yet available in sufficient amounts and stepping in early to mobilise public and private investment. Its financing covers its own investments and donor-funded programmes, and it reports having financed over 1,800 green projects since 1990, with 324 ongoing investments and projects at the end of 2025 and EUR 77.9 million disbursed to ongoing projects in 2025. Its project portfolio spans energy efficiency, renewable energy, circular economy, waste management and wastewater treatment, as well as helping Nordic greentech companies establish operations outside the Nordics.

History

Nefco describes itself as the original Nordic Green Bank and an international financial institution owned by the Nordic countries. Its purpose is to promote investments of Nordic environmental interest, with a focus on Eastern Europe, and it has financed environmental projects around the world for over 30 years. Its project index covers all projects funded since its founding in 1990. Its strategy for 2026-2030 builds on its identity as the Nordic Green Bank, emphasising focus, stronger partnerships and delivering impact with speed, quality and integrity.

Products and positioning

The Nordic Green Bank: a bold, positive and forward-looking financier that accelerates the green transition by scaling up Nordic green solutions.

  • Loan financing and financial support for Nordic SMEs

    Nefco offers loan financing and financial support to grow Nordic small and medium-sized companies on global markets.

  • Donor-funded programmes

    Nefco finances the initial scale-up of green solutions and initiatives on global markets through its own investments and donor-funded programmes.

  • Results-based financing for clean energy and cooking

    Nefco accelerates access to clean off-grid energy and modern cooking solutions through results-based financing.

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