3 Aug 2020
EUR 60 million
Industries and services
NIB and Westra Wermlands Sparbank have signed a new loan programme of SEK 300 million (EUR 27.8 million) for on-lending to small and medium sized enterprises (SMEs) and environmental projects in western Sweden.
The seven-year loan programme will support SMEs and small mid-caps in Värmland by improving access to financing and market efficiency.
The facility mainly targets companies in the area that are active in sectors such as construction, forestry, pulp and paper, as well as transport and IT. Further, SEK 100 million have been earmarked under the loan for environmental projects, including energy efficiency investments in private homes and businesses, and alternative energy solutions, such as the installation of heat pumps and solar panels.
This is the second loan signed between NIB and Westra Wermlands Sparbank; the first was agreed in 2015 and has been fully allocated.
Westra Wermlands Sparbank, founded in 1856, is an independent savings bank that operates seven branches in the region of Värmland.
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
Mr Ralf Hansson, Senior Manager, Origination, at +358 10 618 0268, firstname.lastname@example.org
Ms Lisa-Maria Altenberger, Communications Unit, at +358 10 618 0234, email@example.com