NIB Partners with Ziklo Bank AB to Boost Financing for Swedish SMEs and SMCs

NIB Partners with Ziklo Bank AB to Boost Financing for Swedish SMEs and SMCs

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a SEK 750 million (approximately EUR 65.2 million) loan agreement with Ziklo Bank AB to support small and medium-sized enterprises (SMEs) and small mid-caps (SMCs) in Sweden. The 7-year program will provide financing for the purchase of transportation vehicles, including trucks, trailers, and buses, to enhance business efficiency and growth. This collaboration builds on a long-standing partnership between NIB and Ziklo Bank AB, formerly Volvofinans Bank AB, which has supported SMEs, environmental projects, and green bonds since 2016. Ziklo Bank AB recently rebranded to broaden its financial services for multiple brands.

(PRESS RELEASE) HELSINKI, 14-Dec-2024 — /EuropaWire/ — The Nordic Investment Bank (NIB) has finalized a SEK 750 million (approximately EUR 65.2 million) loan agreement with Ziklo Bank AB to support small and medium-sized enterprises (SMEs) and small mid-caps (SMCs) in Sweden. This 7-year program aims to facilitate the acquisition of essential transportation vehicles, including trucks, trailers, and buses, helping businesses improve efficiency and expand their operations.

With this loan facility, Ziklo Bank AB will offer tailored financing solutions to address the specific needs of SMEs and SMCs across Sweden. By easing credit constraints, the program is expected to enhance productivity and foster business growth in key sectors.

NIB’s collaboration with Ziklo Bank AB, formerly known as Volvofinans Bank AB, builds on a long-standing partnership. Since 2016, the two institutions have worked together on various initiatives, including loans supporting SMEs and environmental projects, as well as a 5-year green bond issued by Ziklo Bank in 2020.

Established in 1959, Ziklo Bank AB is co-owned by Swedish Volvo dealers (via AB Volverkinvest) and Volvo Personvagnar AB. The bank recently rebranded to reflect its broader focus, providing financial services for multiple brands and expanding its distribution channels.

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.

Media Contact:

Ralf Hansson
Senior Banker
+358 10 618 0268
ralf.hansson@nib.int

Iiris Anttalainen
Communications unit
+358 10 618 0258
iiris.anttalainen@nib.int

SOURCE: Nordic Investment Bank