|Date of loan:||9 Nov 2017|
|Customer:||Deutsche Leasing Sverige AB|
|Amount in EUR:||EUR 12 million|
|NACE sector / loan type:||Loan programme|
|Financial institutions and SMEs|
The loan programme has been provided to finance leasing and lending to small and medium-sized enterprises (SMEs) and small mid-caps in NIB’s member countries. The previous loan programme with Deutsche Leasing Sverige agreed in 2016 has been allocated to SME and small mid-cap projects primarily in Sweden and Denmark.
Deutsche Leasing Sverige was established in 2006. It provides leasing services in Sweden as well as in Denmark, Finland and Norway. SMEs account for 80% of the company’s customers and mid-caps for 20%.
Leasing finance provides opportunities for SMEs and small mid-caps to acquire costly equipment. The loan programme is expected to alleviate credit constraints and facilitate productivity growth. Access to finance in the SME sector is of greater concern than to large enterprises, mainly because SMEs and small mid-caps are dependent on bank financing. Improved access to financing for projects that raise productivity can increase competitive pressure and efficiency in the markets.
Projects to be financed through a financial intermediary must fulfil the sustainability requirements defined in NIB’s Sustainability Policy and Guidelines.
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
A new facility, with a maturity of five years, will assist SMEs and small mid-caps in the acquisition of production equipment.
9 Nov 2017