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Add to Preferred SourcesNIB and Norway’s SpareBank 1 SMN have launched a NOK 1 billion (EUR 105 million) loan facility for small and medium-sized enterprises and environmental projects in Norway.
The six-year loan programme will be used for on-lending to SMEs in the real estate, agriculture, forestry, fisheries, and transportation sector, as well as to environmental projects in the counties of Trøndelag, Møre og Romsdal and Sogn og Fjordane.
The loan programme will alleviate credit constraints for small and medium-sized companies, and facilitate the growth of their productivity and competitiveness.
SMN aims to improve its service offering by developing new digital concepts and products tailored to the needs of SME clients.
Eligible projects will comply with NIB’s sustainability requirements.
SpareBank 1 SMN, a member of the nationwide SpareBank 1 Alliance, is a leading provider of financial services for SMEs in central Norway. The bank is headquartered in Trondheim and has approximately 221,000 retail customers and 20,000 corporate clients.
Original source: NIB
Published on 15 November 2018