NIB and Finnish Oma Säästöpankki Oyj have signed a seven-year loan programme of EUR 35 million for on-lending to small and medium-sized enterprises and for financing small-scale environmental projects, such as renovation projects aimed at increasing energy efficiency in residential buildings.
The majority of Oma Säästöpankki’s corporate clients are in the SME sector, or are agriculture and forestry entrepreneurs. The bank finances projects e.g. within light industry, transportation and logistics, agriculture, forestry, and construction.
“This is the second loan programme agreed between Oma Säästöpankki and NIB, and we are pleased to continue the cooperation. The facility will help improve access to financing and help alleviate credit constraints for SMEs”, says Henrik Normann, NIB President & CEO.
“Small and medium-sized enterprises represent a significant part of our growing customer base in Finland. This new loan programme allows us to better allocate funds to the improved competitiveness, success and sustainable development of Finnish SMEs”, says Pasi Sydänlammi, managing director of Oma Säästöpankki.
Oma Säästöpankki Oyj is the largest Finnish savings bank, and serves its 135,000 customers via 40 branches and 270 employees. Oma Säästöpankki is owned by the Finnish savings bank foundations and Oma Cooperatives.
dOriginal source: NIB
Published on 18 October 2018
