25 Mar 2020
EUR 750 million
|Date of agreement:||22 Mar 2018|
|Customer:||SG Finans AS|
|Amount in EUR:||EUR 150 million|
|NACE sector / loan type:||Loan programme|
|Business area:||Financial institutions and SMEs|
Arctic Financing Facility (read more): 16.7%
The funds under this loan programme will be onlent to small and medium-sized enterprises (SMEs) in Norway for the purpose of financing equipment leasing. Up to EUR 25 million of the facility is earmarked for SME projects in the country’s Arctic area.
Owned by the bank Société Générale, SG Finans is a major equipment leasing and factoring provider in Scandinavia. It has over 46,000 clients and over 111,000 contracts in its portfolio, mostly in financing equipment in the construction, high-tech and manufacturing industries in Norway, Sweden and Denmark.
The loan programme is guaranteed by the parent bank, Société Générale.
Eligible projects should conform to NIB’s criteria for SMEs. It is likely that the same type of equipment that has been financed under NIB’s previous loan will also be financed under the new facility.
Projects to be financed through a financial intermediary must fulfil the sustainability requirements defined in NIB’s Sustainability Policy and Guidelines.