SpareBank 1 Østfold Akershus

Date:16.9.2026
Country:Norway
Customer:SpareBank 1 Østfold Akershus
Amount in NOK:NOK 200 million
Amount in EUR:EUR 17.9 million
Maturity:7 years
Business sector:Financial Institutions

Project

The loan has been provided to SpareBank 1 Østfold Akershus for on-lending to small and medium-sized enterprises in the Østfold and Akershus counties in Norway.

The bank operates in one of Norway’s fastest-growing areas, influenced by its proximity to Oslo and the Swedish border, which drives significant cross-border economic activity. Important regional industries include manufacturing, biorefining, shipbuilding, forestry and agriculture.

Fulfilment of NIB’s mission

Productivity:

SMEs typically face greater financing constraints than larger companies and rely more heavily on bank funding. By improving access to finance, the programme may support SME productivity and help reduce market inefficiencies.

SpareBank 1 Østfold Akershus will ensure that eligible sub-projects meet NIB’s mandate criteria and will report annually to NIB.

Environment:

No assessed environmental benefits.

18.9.2026

NIB and SpareBank 1 Østfold Akershus finance SME lending in Norway