3 Jul 2020
EUR 60 million
Financial institutions and SMEs
|Date of agreement:||23 Dec 2016|
|Amount in SEK:||SEK 500 million|
|Amount in EUR:||EUR 51.8 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
The loan programme is provided for onlending to small and medium-sized enterprises (SMEs), small mid-caps and environmental projects in the region of Skåne in southern Sweden.
Given the extensive reach of Sparbanken Skåne among small companies in the region, funds under this facility will be onlent for productive investments to clients in a broad range of sectors, including farming, manufacturing, trade, construction and corporate services.
Sparbanken Skåne is the largest of the Swedish independent savings banks. It was established in 2014 through a merger of Färs & Frosta Sparbank, Sparbanken 1826 and parts of Sparbanken Öresund’s business. It is a regional bank with a presence in 15 municipalities in southern Sweden.
The facility is expected to alleviate credit constraints for SMEs and small mid-caps and facilitate productivity growth.
Projects to be financed through a financial intermediary must fulfil the sustainability requirements defined in NIB’s Sustainability Policy and Guidelines.