3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||11 Dec 2015|
|Amount in EUR:||EUR 30 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The loan programme has been provided for onlending to small and medium-sized enterprises (SMEs) and environmental projects that fulfil NIB’s mission. The loan facility is expected to finance investments in various sectors, including the fishing industry, agriculture and information technology.
Established in 2008 and majority-owned by the National Treasury of Iceland, Landsbankinn is the country’s largest bank. It offers a full range of financial services.
The loan programme is set to alleviate credit constraints for SMEs and facilitate their productivity growth.
Each allocation of funds under the loan programme will be made in accordance with NIB’s Sustainability Policy and Guidelines.