HELSINKI, 23-Oct-2017 — /EuropaWire/ — NIB and Norway’s Sparebank 1 SR-Bank ASA have signed a six-year loan programme totaling EUR 120 million to finance investments and environmental projects for the country’s small and medium-sized enterprises (SMEs) and small mid-caps.
The projects to be funded should fulfil NIB’s mandate criteria for SMEs and small mid-caps. This is NIB’s second financing facility for small businesses and environmental projects in Norway with Sparebank 1 SR-Bank. The previous programme of the same amount was launched in 2014 and fully allocated.
“NIB highly values the cooperation with Sparebank 1 SR-Bank that promotes the principles of sustainable development and provides an access to financing small business in Norway. Improved access to financing will promote productivity and increase the market’s efficiency”, 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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