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Add to Preferred SourcesNIB has signed a EUR 20 million loan programme with Liedon Säästöpankki for financing small and medium-sized enterprises (SMEs) and environmental projects in the south-western region of Finland.
In 2013, Liedon Säästöpankki and NIB established a EUR 10 million loan programme to on-lend funds to projects in the SME sector that improve productivity or the environment. That sum has been allocated to a total of 141 SMEs in the region. The new, EUR 20 million programme will, therefore, respond to the increasing demand for financing among Liedon Säästöpankki’s customers. 32% of the bank’s total lending is provided to companies and communities as well as to agriculture.
SME projects must involve investments in either machinery, equipment, production or service facilities and working capital. Investments in information and communications technology or software and investments in research and development are also eligible. In addition, environmental projects may be identified, e.g. small-scale energy efficiency projects.
“Despite the significant role that SMEs play in the regional economy, they can still have challenges in obtaining sufficient funding. NIB’s loan will enable Liedon Säästöpankki to increase its lending to SMEs, including agricultural and forestry entrepreneurs as well as housing corporations,” says Henrik Normann, President and CEO of NIB.
Original source: NIB
Published on 13 December 2018