6 Dec 2023

NIB and Orust Sparbank sign loan programme for SMEs and Environmental Projects in Sweden

The Nordic Investment Bank (NIB) and Sweden’s Orusts Sparbank have signed a 7 year loan facility of SEK 150 million to finance investments in SMEs, SMCs, and environmental projects on the island of Orusts and nearby areas served by the bank.

A minimum of 50% of the loan will be dedicated to onlending to environmental projects with the remaining portion to SMEs and SMCs. Orusts Sparbank, having previously received a NIB loan of SEK 130 million, focuses on providing banking services to small companies and private individuals.

The new loan programme aims to support projects in construction, real estate, fishing, agriculture, hotel, and restaurant services, contributing to economic development and employment in the region. Small and medium-sized enterprises play a crucial role in the economic activity and employment in the region, and this loan programme is designed to enhance their access to financing.

“This partnership exemplifies our dedication to supporting local enterprises and driving green initiatives in the Orusts region. Orusts Sparbank is a valuable ally in our efforts to be a catalyst for positive change and sustainable development in the community,” says Kim Jensen, CFO at NIB.

Orust Sparbank is ranked 9th among Sweden’s independent savings banks. Located on Orust island, with four branches including the main office in Henån, the bank strategically serves the local community, along with adjacent areas like Stenungsund and Uddevalla.

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:

Ralf Hansson, Senior Banker, at +358 10 618 0268, Ralf.Hansson@nib.int

David Rasmusson, Communications, at +358 50 476 3071, David Rasmusson@nib.int

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