All agreed loans

Sweden. Ikano Bank AB

Date of agreement: 11 Dec 2020
Country: Sweden
Customer: Ikano Bank AB
Amount in EUR: EUR 15 million
Maturity: 5 years
NACE sector / loan type: Loan programme

Project

The loan has been granted for on-lending to small and medium-sized enterprises (SMEs), smaller mid-caps (SMCs), and environmental projects in Sweden, Denmark, Norway, and Finland.

The programme will finance acquisition of capital equipment in a variety of sectors, including work-related vehicles, IT, manufacturing and production, as well as solar panels.

This is NIB’s third loan facility agreement with Ikano Bank. The first two were signed in 2015 and 2019, respectively.

Ikano Bank AB offers financing solutions and conducts business in the Nordic countries, the UK, Germany, Austria, and Poland.

Fulfilment of NIB's mandate

Leasing finance provides opportunities for SMEs and SMCs to acquire costly equipment. The loan will alleviate credit constraints and facilitate productivity growth. Access to finance in the SME sector is of greater concern than for large enterprises, mainly because SMEs and SMCs are dependent on bank financing. Improved access to financing for projects that raise productivity can increase competitive pressure and efficiency in the markets.

Sustainability summary

Projects that are financed through a financial intermediary are required to fulfil the requirements defined in NIB’s Sustainability Policy and Guidelines.

Press release

NIB och Ikano Bank lanserar en ny lånefacilitet för småföretag