3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||7 Mar 2016|
|Amount in NOK:||NOK 600 million|
|Amount in EUR:||EUR 64.1 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The loan programme has been provided for onlending to SME investments and environmental projects in eastern Norway. The investments to be financed under the loan programme are expected to be in transportation, forestry, industrial machinery, construction machinery and IT equipment. Sparebanken Hedmark operates 26 branches in the Hedmark region, north of the country’s capital, Oslo.
The project is expected to alleviate credit constraints for small and medium-sized companies and facilitate the growth of their productivity. Eligible projects to be financed from the lending facility should conform to NIB’s criteria for SMEs.
Projects to be financed through a financial intermediary must fulfil the sustainability requirements defined in NIB’s Sustainability Policy and Guidelines.