All agreed loans

Sweden. Orusts Sparbank

Date of loan: 27 Sep 2018
Country: Sweden
Customer: Orusts Sparbank
Amount in SEK: SEK 130 million
Amount in EUR: EUR 12.55 million
Maturity: 5 years
NACE sector / loan type: Loan programme
Business area: Financial institutions and SMEs

Project

The loan programme will be used for onlending to small and medium-sized enterprises (SMEs) and environmental projects in Sweden. The majority of the investments financed under the facility are expected to be in construction, fishing and agriculture as well as hotel and restaurant services on the island of Orust and nearby areas served by the bank.

Orusts Sparbank is the 11th largest savings bank in Sweden. The bank is based on the island of Orust and has approximately 33,000 private customers and 4,000 corporate customers.

Fulfilment of NIB's mandate

The loan facility is expected to alleviate credit constraints for small and medium-sized companies and to support small-scale environmental projects. Companies eligible for financing under the loan facility are required to comply with NIB’s criteria for SME lending.

Sustainability summary

Projects to be financed through a financial intermediary must fulfil the sustainability requirements defined in NIB’s Sustainability Policy and Guidelines.

Press release

NIB och Orusts Sparbank lanserar låneprogram för små och medelstora företag i Sverige