NIB launches second loan facility with Sparebanken Sor in Norway

The Nordic Investment Bank (NIB) and Norway’s Sparebanken Sor have launched a new NOK 1 billion (EUR 105 million) loan facility with a maturity of seven years for on lending to small and medium-sized enterprises and environmental projects in Southern Norway.

This is the second loan programme agreed between NIB and Sparebanken Sor. The first was signed in 2017 and is successfully allocated to projects in the SME sector, such as investments in new premises.

The funds of this second facility will also be onlent to SMEs to finance investments in real estate, machinery and equipment, as well as to environmental projects in the regions of Vest-Agder, Aust-Agder, Telemark and Rogaland in southern Norway, where Sparebanken Sor provides financial services.

“The cooperation with Sparebanken Sor has successfully allowed NIB to reach out to small businesses. We are pleased to announce the signing of a new loan programme, and to continue supporting productivity growth for SMEs in Norway”, says Henrik Normann, NIB President & CEO.

Eligible projects will comply with NIB’s sustainability requirements.

Original source: NIB
Published on 3 September 2018