NIB’s first defence loan in Sweden to finance Saab R&D

NIB has signed a 9-year loan agreement with Swedish defence services and solutions provider Saab AB to finance research and development investments.

The SEK 1.2 billion, EUR 109.4 million, loan will co-finance Saab’s research and development investments in defence technologies done in the Nordic countries.

Saab collaborates with customers and partners to drive innovation in future capability areas, including autonomy, AI-based command and control systems, distributed sensors and advanced weapons.

André Küüsvek, NIB President and CEO, said: “As Europe strengthens its defence in response to the heightened geopolitical uncertainty and growing security needs, long-term investment in critical capabilities and innovation is essential. This is our largest loan to a private sector defence company to date, underlining NIB’s commitment to supporting regional resilience and preparedness.”

Saab is a defence- and security company that designs, manufactures and maintains advanced systems in aeronautics, weapons, command and control, sensors and underwater systems. The company is headquartered in Sweden and has operations all over the world.

NIB is the international financial institution of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. The Bank finances projects that improve productivity and benefit the environment of the Nordic-Baltic region. The Bank is headquartered in Helsinki with a regional hub in Riga. NIB has the highest possible credit rating, AAA/Aaa, with S&P Global Ratings and Moody’s.

Contacts
Patrick Nylund, Senior Banker, at +358 10 618 0329, patrick.nylund@nib.int

Arild Moen, Associate Director, Communications, +358 10 618 0496, arild.moen@nib.int