|Date of loan:||25 Jul 2012|
|Customer:||Sparebank 1 SMN|
|Amount in NOK:||NOK 1,000 million|
|Amount in EUR:||EUR 133 million|
|NACE sector / loan type:||Financial intermediation, except insurance and pension|
|Financial institutions and SMEs|
The NOK 1,000 million loan is earmarked to finance Sparebank 1 SMN’s pipeline of hydropower projects, most of them between 1 megawatt and 5 megawatts.
Financial services group SpareBank 1 SMN is headquartered in Trondheim, and employs about 1,100 staff at 54 offices in Trøndelag and in Møre and Romsdal.
The project may improve the financial sector’s functioning by facilitating access to financing for SMEs. The sub-projects include expansions of physical capital that will increase the installed electricity generation capacity, as well as upgrades of existing hydro power plants.
Increasing the output from exisiting hydropower plants is among the most sustainable ways of generating electricity. The loan programme will contribute to mitigating climate change.
NIB and Finland’s state property management agency Senaatti-kiinteistöt have signed loan agreement to finance investments in governmental offices and a research centre.
19 Jun 2013
NIB has opened a loan programme for small and medium-sized enterprises in eastern, northern and central Finland.
18 Jun 2013
NIB has signed a loan agreement with Helgeland Veiutvikling AS to finance a record long road tunnel in Helgeland, northern Norway.
14 Jun 2013