NIB and Westra Wermlands Sparbank sign third loan to support SMEs and environmental projects in Sweden
The Nordic Investment Bank (NIB) and Westra Wermlands Sparbank have signed a SEK 150 million (approximately EUR 13 million) loan agreement to finance small and medium-sized enterprises (SMEs), smaller mid-caps (SMCs) and environmental projects in Sweden. The seven-year loan programme will be on-lent to Westra Wermlands Sparbank’s customers in Värmland in Sweden. SMEs and SMCs are often suppliers of larger companies, and they play a crucial role in the economic activity and employment in the region. “Providing NIB’s long-term financing to Westra Wermlands Sparbank allows us to extend