|Date of loan:||23 Nov 2016|
|Customer:||SG Finans AS|
|Amount in EUR:||EUR 150 million|
|NACE sector / loan type:||Loan programme|
|Financial institutions and SMEs|
|Arctic Financing Facility (read more): 17%|
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.
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.
Projects to be financed through a financial intermediary must fulfil the sustainability requirements defined in NIB’s Sustainability Policy and Guidelines.
NIB is co-hosting the Nordic Finance Day on 14 November at the UN Climate Summit COP23 in Bonn, Germany. The programme is being held at the Nordic Pavilion.
1 Nov 2017
On 18 November, the Helsinki city transport operator HKL launched a 14-kilomtre extension of Helsinki metro line into the city of Espoo.
18 Nov 2017
A loan to the Norwegian regional utility Glitre Energi AS will finance the roll-out of an advanced smart metering system and regional and distribution power grid upgrades.
16 Nov 2017