NIB and Volvofinans Bank sign third loan programme for SMEs in Sweden

The Nordic Investment Bank (NIB) and Volvofinans Bank AB have signed a third loan facility totalling SEK 500 million (EUR 47.64 million) for onlending to small and medium-sized enterprises and small mid-caps in Sweden to finance the leasing of trucks and hybrid cars in Sweden. The 7-year loan programme will finance smaller businesses installment purchase and leasing of trucks and hybrid cars from car and truck dealers associated with Volvofinans Bank in Sweden. At least 30% of this loan will be used for SMEs’ purchases of hybrid vehicles. Volvofinans Bank is a borrower of NIB with two