NIB finances equipment leasing to Norwegian SMEs

NIB and Norway’s SG Finans AS have signed a EUR 80 million loan agreement for financing equipment leasing to the Norwegian SME sector.

The 5-year-maturity loan is NIB’s first facility aimed at financing the acquisition and leasing of tangible assets to small and medium-sized enterprises (SMEs).

“We believe leasing finance gives better opportunities for SMEs to acquire otherwise costly equipment, and that should enable many enterprises to boost productivity and competitiveness,” says Henrik Normann, NIB President & CEO.

SG Finans AS is part of Société Génerale Equipment Finance. Operating on the Scandinavian market, SG Finans is Norway’s leading finance company within equipment leasing and factoring. SG Finans has long experience in financing leasing operations with its annual lending volume approaching EUR 1.2 billion, of which 30% is to the SME sector.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact
Ms Marjo Harri, Senior Manager, Head of the Financial Institutions and SME Lending Group, at +358 10 618 0227,

Mr Dimitrijs Alehins, Senior Communication Specialist, at +358 10 618 0296,