11 Jun 2021
EUR 41 million
Infrastructure, transportation and telecom
|Date of agreement:||8 Mar 2007|
|Customer:||Sparisjóður Reykjavíkur og nágrennis|
|Amount in EUR:||EUR 25 million|
|NACE sector / loan type:||Financial intermediation, except insurance and pension|
The loan totalling EUR 25 million is intended for onlending to small and medium-sized enterprises among SPRON's customers with particular focus on projects in infrastructure and environmental improvements. The loan will also support women entrepreneurs who have completed a state-backed start-up enterprise course. Established in 1932, SPRON is the largest savings bank in Iceland and No. 4 in the country's banking community in terms of assets. It operates nine branches located throughout the greater Reykjavik area.