Norway. Sparebanken Sør

Date of agreement:29 Jun 2022
Customer:Sparebanken Sør
Amount in NOK:NOK 1 million
Amount in EUR:EUR 97.58 million


NIB and Norwegian Sparebanken Sør have agreed a credit facility for onlending to finance investment projects in small and medium-sized enterprises (SMEs) and small mid-cap companies (SMCs) in Norway in alignment NIB’s sustainability requirements.

Sparebanken Sør has been NIB’s customer since 2017.

Sparebanken Sør is the sixth largest savings bank in Norway in terms of total assets. Based in Kristiansand, southern Norway, the regional savings bank has 22,000 corporate customers and 180,000 retail customers. The bank provides financial services in the Southern regions of Norway in the counties of Agder, Rogaland and Vestfold og Telemark.

Fulfilment of NIB's mandate

The loan facility is expected to alleviate credit constraints for small and medium-sized companies, as well as small mid-cap companies. Projects to be founded should fulfil NIB’s criteria for SME and SMC lending.

Sustainability summary

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

Press release

NIB launches third loan facility with Sparebanken Sør in Norway

Press release

NIB lanserer tredje lånefasilitet med Sparebanken Sør