NIB and Westra Wermlands Sparbank to improve access to financing for SMEs in western Sweden with new loan programme

(PRESS RELEASE) HELSINKI, 31-Oct-2019 — /EuropaWire/ — NIB and Westra Wermlands Sparbank sign seven-year loan programme of SEK 300 million (EUR 27.8 million) to help small and medium sized enterprises (SMEs) and environmental projects in western Sweden. This will improve access to financing and market efficiency to SMEs and small mid-caps in Värmland.

This is the second loan agreement signed by the two companies; the first was agreed in 2015 and has been fully allocated.

Companies that are active in sectors such as construction, forestry, pulp and paper, as well as transport and IT in western Sweden are the main targets of the facility. SEK 100 million has been further earmarked under the loan for environmental projects, including energy efficiency investments in private homes and businesses, and alternative energy solutions, such as the installation of heat pumps and solar panels.

Founded in 1856, Westra Wermlands Sparbank is an independent savings bank operating in seven branches in the region of Värmland.

Media contact:

Mr Ralf Hansson, Senior Manager, Origination, at +358 10 618 0268, ralf.hansson@nib.int

Ms Lisa-Maria Altenberger, Communications Unit, at +358 10 618 0234, lisa-maria.altenberger@nib.int

SOURCE: NIB