NIB and Sparbanken Nord sign third loan to support SMEs in Northern Sweden

The Nordic Investment Bank (NIB) and Sparbanken Nord have signed a SEK 200 million (approximately EUR 18 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 SMEs and SMCs in Norrbotten, many of which are subcontractors to larger companies in the region.

“Sparbanken Nord is an important local lender in the Arctic region in Sweden, and we are pleased to continue our cooperation by providing access to long-term and stable financing that benefits smaller companies and environmental projects,” says André Küüsvek, NIB President and CEO.

”The extended loan programme with NIB gives us further opportunities to invest in sustainable growth for small and medium-sized companies in Norrbotten”, says Anneli Sjömark, CEO of Sparbanken Nord.

This is the third loan programme signed between Sparbanken Nord and NIB; the first facility was agreed in 2013.

Established in 1852, Sparbanken Nord is a regional bank located in the Norrbotten region of northern Sweden. The bank operates eleven branches and is the third largest independent savings bank and the only one in the Arctic part of the country. Sparbanken Nord’s lending covers sectors such as real estate, forestry, agriculture, manufacturing, construction and services, and hotel and restaurants.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact:

Ralf Hansson, Senior Banker, at +358 10 618 0268, Ralf.Hansson@nib.int

Lotta Forssell, Senior Communications Officer, at +358 10 618 0498, lotta.forssell@nib.int