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Add to Preferred SourcesNIB and Estonia’s AS LHV Pank have signed an agreement on launching a EUR 20 million loan programme for on-lending to small and medium-sized enterprises (SMEs) in Estonia.
The funds under this 5-year loan programme will be onlent for various SME investments. The loan allocations are expected to fulfill the eligibility criteria for a good rating for loan programmes to SMEs. As a segment, SMEs produce approximately three-quarters of the total added value of Estonia’s economy, which is more than the EU average.
AS LHV Pank is part of AS LHV Group which was established in 1999. LHV is the largest domestically owned banking group and the fourth largest in terms of assets in Estonia. The Bank has a strong focus on lending to SMEs in sectors such as real estate, financial services, manufacturing, and transport and logistics.
Original source: NIB
Published on 25 May 2018