NIB signs Arctic SME onlending facility with SpareBank 1 Helgeland
The Nordic Investment Bank (NIB) has signed a 5-year Arctic loan agreement with SpareBank 1 Helgeland for onlending to small and medium-sized companies (SMEs) and environmental projects in northern Norway.The loan aims to alleviate credit constraints for smaller companies, which are at a comparative disadvantage to facilitate productivity growth. SMEs and smaller mid-caps, which rely on bank financing, face greater challenges in accessing finance compared to large enterprises. Since these companies contribute significantly to aggregate output and employment in the member area, improved