20 Dec 2016

NIB and Sparebanken Møre fund SME investments in western Norway

NIB and the Norwegian savings bank Sparebanken Møre have launched a NOK 500 million (EUR 53.8 million) loan facility for onlending to small and medium-sized enterprises (SMEs) and small mid-caps as well as environmental projects in the county of Møre og Romsdal in western Norway.

The five-year loan programme will finance SMEs and small mid-cap investments in various sectors, for instance, real estate, fishing, services and offshore supply, as well as projects aimed at environmental improvements.

“NIB is expanding the network of its cooperation partners among intermediary banks in the Nordic countries. Cooperation with Sparebanken Møre is key to reaching out to small businesses in the area serviced by this savings bank”, says Henrik Normann, NIB President & CEO.

Established in 1985, Sparebanken Møre has 170,000 customers and operates through 30 branches in 24 municipalities in the county of Møre og Romsdal.

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 Sari Cabell, Senior Manager, Origination, at +358 10 618 0519,

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