NIB prepared to increase lending to Nordic–Baltic region

NIB prepared to increase lending to Nordic–Baltic region

NIB is ready to increase its lending to support economic activity and help companies in dealing with the serious consequences caused by the coronavirus Covid-19 pandemic.

As the international financial institution of the Nordic and Baltic countries, NIB finances projects that improve the productivity and benefit the environment of the region. The Bank also has a stabilising role during the economic crisis.

As called upon by Nordic and Baltic owner countries, NIB loans will be made available to member countries and sustainable businesses, which are facing short-term liquidity problems due to the crisis. NIB will stand ready to extend loans to financial intermediaries for on-lending to small and medium-sized companies as well as to provide direct financing to larger businesses.

“NIB provides long-term financing to projects promoting sustainable growth. In a time of economic crisis, the Bank’s financial strength allows us to increase our lending,” says Henrik Normann, President & CEO of the Nordic Investment Bank. “We are in dialogue with our member countries and clients to support them in this economic crisis.”

Original source: NIB
Published on 27 March 2020