NIB Nordic Investment Bank

Loan

Norway. SG Finans AS

Date of loan: 23 Nov 2016
Country: Norway
Customer: SG Finans AS
Amount in EUR: EUR 150 million
Maturity: 5 years
NACE sector / loan type: Loan programme

Sectors

Financial institutions and SMEs

Facilities

Arctic Financing Facility (read more): 17%

Project

The funds under this loan programme will be onlent to small and medium-sized enterprises (SMEs) in Norway for the purpose of financing equipment leasing. Up to EUR 25 million of the facility is earmarked for SME projects in the country’s Arctic areas.

Owned by the bank Société Générale, SG Finans is a major equipment leasing and factoring provider in Scandinavia. It has 55,000 clients and 91,000 contracts in its portfolio, mostly in financing equipment in the construction, high-tech and manufacturing industries as well as aviation in Norway, Sweden and Denmark.

The loan programme is guaranteed by the parent bank, Société Générale.

Fulfilment of NIB's mandate

Eligible projects should conform to NIB’s criteria for SMEs. It is likely that the same type of equipment that has been financed under NIB’s previous loan will also be financed under the new facility.

Sustainability summary

Projects to be financed through a financial intermediary must fulfil the sustainability requirements defined in NIB’s Sustainability Policy and Guidelines.

Back to agreed loans

  • AR2015

News

NIB finances Wärtsilä’s acquisition of Eniram and American Hydro

A loan to the Finnish Wärtsilä Corporation will finance its expansion into hydro-industrial services and strengthen its digital product portfolio.

16 Feb 2017

NIB funds prosthetic and orthotic R&D in Iceland

A loan to Össur, an Icelandic developer of orthopaedic solutions, will finance in part the company’s R&D programme during 2016–2019 and to re-finance the acquisition of Touch Bionics.

8 Feb 2017

NIB invited as observer to EU High-Level Expert Group on sustainable finance

In 2017, NIB is participating as observer to an expert group set up to provide recommendations for the European Commission on sustainable finance.

19 Jan 2017


MORE NEWS