All agreed loans

Finland. Oulun Osuuspankki

Date of agreement: 19 Jun 2014
Country: Finland
Customer: Oulun Osuuspankki
Amount in EUR: EUR 30 million
Maturity: 10 years
NACE sector / loan type: Loan programme
Business area: Financial institutions and SMEs


The loan has been provided for on-lending to projects in the SME sector to improve productivity or the environment. Also housing companies and households will be eligible for financing small-scale environmental investments, resulting in energy efficiency or wastewater treatment.

Oulun Osuuspankki will ensure that the loans to the SME sector funded by NIB are allocated to projects that support productivity growth for local companies and the region. The projects to be funded have to involve investments in tangible capital, such as machinery and equipment, production or service provision facilities. Also investments in information and communication technology, software and investments, as well as research and development, are eligible.  

Environmental projects eligible for financing will e.g. contribute to decreasing greenhouse gas emissions. 

In terms of balance sheet total, Oulun Osuuspankki (Oulun OP) is the third-largest cooperative bank in the OP-Pohjola Group in Finland. The bank’s registered office is in Oulu. At the end of 2013, its balance sheet total stood at EUR 2.5 billion. Oulun OP has 12 branches in six municipalities, in Oulu and its neighbouring localities in Northern Ostrobothnia. The bank provides banking services to both corporate customers and private individuals and is the market leader in its region.

Fulfilment of NIB's mandate

The project is expected to improve access to financing for SMEs when investing in projects aimed at productivity growth.

Sustainability summary

Eligible allocations will be made to predefined project categories and will lead to decreased greenhouse gas emissions or reduction in discharge of nutrients to the Baltic Sea.

Press release

NIB rahoittaa Oulun Osuuspankin PK-yritysten lainaohjelmaa


Press release

NIB och Oulun Osuuspankki lanserar låneprogram för små- och medelstora företag