Norway. Sparebanken Møre

Date of agreement:15 Mar 2023
Customer:Sparebanken Møre
Amount in NOK:NOK 500 million
Amount in EUR:EUR 45.66 million
Maturity:6 years
NACE sector / loan type:Loan programme


The loan has been provided for onlending to small and medium sized enterprises (SMEs) in Sparebanken Møre’s market area Nordvestlandet.

The loan amount is expected to be onlent to finance investments in various industries such as real estate, fishing, services and offshore supply.

Since 2002, NIB has concluded two loans with Sparebanken Møre amounting to a total of EUR 85 million.

Savings bank Sparebanken Møre was established in 1985. The bank operates 27 branch offices throughout the county of Møre og Romsdal in western Norway.

Fulfilment of NIB's mandate

The project is expected to alleviate credit constraints and facilitate productivity growth.

Sustainability summary

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

Press release

NIB and Sparebanken Møre fund SMEs in Norway

Press release

NIB og Sparebanken Møre finansierer SMB investeringer på Nordvestlandet