NIB and Nooa Savings Bank to support more SMEs in Finland
The Nordic Investment Bank (NIB) and the Finnish Nooa Savings Bank Ltd have signed a EUR 10 million loan agreement to finance small and medium-sized enterprises (SME) in Finland. The seven-year maturity loan will be on-lent to entrepreneurs, micro companies and small businesses, supporting Nooa Saving Bank’s strategic objectives. Currently, the majority of the bank’s loan book consists of retail loans, but the company is planning to grow its SME banking business. “NIB’s partnership with Nooa Savings Bank will allow us to extend our lending to smaller Finnish companies that we would