NIB Nordic Investment Bank

Article

27 Nov 2017

NIB and Volvofinans Bank sign new loan programme for SMEs in Sweden

Commcercial vehicles

NIB and Volvofinans Bank AB (publ) have signed a new loan facility totalling SEK 500 million (EUR 51 million) for onlending to small and medium-sized enterprises and small mid-caps in Sweden to finance the acquisition of commercial vehicles.

The seven-year loan facility will finance investments of smaller businesses in trucks, trailers, vans and busses from car and truck dealers associated with Volvofinans Bank in Sweden.

This is the second loan programme initiated by NIB and Volvofinans Bank; the first was launched in May 2016. The facilities aim to support productivity growth for SMEs and small mid-caps in the Nordic-Baltic countries.

Volvofinans Bank AB was established in 1959 with the primary task of supporting the sales of associated car and truck dealers in the Swedish market. About 70% of Volvofinans Bank’s lending volume originates from financing car and truck sales.

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

Mr Ralf Hansson, Senior Manager, Origination, at +358 10 618 0268,

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

 

 

  • AR2016

News

NIB signs loan agreement with Husqvarna for R&D investments

A seven-year maturity loan agreement to finance Husqvarna AB's R&D investments 2017–2019.

5 Jan 2018

NIB opens 2018 Kauri market with NZD 400m transaction

The Bank's five-year NZD 400 million transaction has become inaugural in the New Zealand bond market this year.

5 Jan 2018

Category A project for disclosure

In accordance with its Sustainability Policy and Guidelines, NIB publishes information on the construction and upgrade of National Road 3/25 in Hedmark, Norway. The information is available for 30 days starting from 22 December 2017.

22 Dec 2017


MORE NEWS

Related loans


MORE LOANS