NIB and Sweden’s Sparbanken Skåne have agreed on a loan programme totalling SEK 500 million (EUR 52 million) for on-lending to SMEs, small mid-caps, and environmental projects.
HELSINKI, 27-Dec-2016 — /EuropaWire/ — The seven-year facility will finance SME and small mid-cap investments in a broad range of sectors, including farming, manufacturing, trade, construction and corporate services as well as being available for projects with environmental benefits.
This is NIB’s first loan to Sparbanken Skåne, the largest of the Swedish independent savings banks and the result of the 2014 merger of Färs & Frosta Sparbank, Sparbanken 1826 and parts of Sparbanken Öresund’s business. It is a regional bank with a presence in 15 municipalities in southern Sweden.
“This is NIB’s first loan facility with Sparbanken Skåne and it opens an opportunity to reach out to small and medium-sized businesses in the Skåne region of Sweden. We hope the new facility will contribute to the growth of productivity in the local economy”, says Henrik Normann, NIB President & CEO.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
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