NIB Nordic Investment Bank


28 Jun 2017

NIB and Iceland’s Landsbankinn start new SME facility


NIB and Iceland’s Landsbankinn hf. have signed a new seven-year loan programme totalling USD 75 million (EUR 66.5 million) for the financing of small and medium-sized enterprises (SMEs) and environmental projects in Iceland.

The seven-year loan programme will finance SMEs in various sectors, for instance, the fishing industry, real estate and tourism. Individual allocations of the funds in the facility will be selected on the basis of how well they conform to NIB’s mission to improve the competitiveness and environment of the Bank’s member countries.

This is the second loan programme NIB has provided to Landsbankinn. The funds of the first facility, agreed in 2015, have been allocated in line with NIB’s mandate.

“Our cooperation with Landsbankinn in reaching Icelandic SMEs has proved very successful, and we are happy to continue our joint effort in a new programme”, says Henrik Normann, NIB President & CEO.

“The loan programme from NIB strengthens and further diversifies the foreign currency funding of Landsbankinn. It is further testament to the increased confidence foreign debt investors have in Landsbankinn. Our collaboration with NIB has proven very successful and will continue to benefit our customers as well as support the bank´s policy on corporate social responsibility”, says Lilja Björk Einarsdóttir, CEO of Landsbankinn.

Landsbankinn hf. is the largest universal bank in Iceland. The Bank was established in 2008 and is majority-owned by the National Treasury of Iceland.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact

Ms Sari Cabell, Senior Manager Origination, at +358 10 618 0519,

Ms Lisa-Maria Altenberger, Communications Officer, at +358 10 618 0234,

  • AR2017


NIB finances ambulance helicopter service network in Sweden

A loan to Svensk Luftambulans will finance the merger of local airborne ambulance services in Sweden and the acquisition of new helicopters.

17 Apr 2018

Category A project for disclosure

In accordance with its Sustainability Policy and Guidelines, NIB publishes information on the planned expansion of the Port of Ystad. The information is available for 30 days starting from 17 April 2018.

16 Apr 2018

NIB and SG Finans launch third SME leasing facility in Norway, partly Arctic

It is expected that up to EUR 25 million of the facility will be used to finance SME leasing in Norway’s Arctic area.

22 Mar 2018


Related loans