NIB and Sweden’s Orusts Sparbank have signed a loan facility of SEK 130 million (EUR 12.5 million) to finance investments in SMEs and environmental projects on the island of Orust and nearby areas served by the bank.
The five-year loan programme will mainly finance projects in construction, real estate, fishing, and agriculture as well as hotel and restaurant services.
Small and medium-sized enterprises are responsible for a significant share of economic activity and employment in the region. The loan programme will help to improve access to financing.
Orusts Sparbank is the 11th largest savings bank in Sweden. The bank is based on the island of Orust and has approximately 33,000 private customers and 4,000 corporate customers.
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.
Original source: NIB
Published on 27 September 2018
