9 Dec 2019

NIB and Ikano Bank support SME growth in the Nordics

NIB and Ikano Bank AB have signed a new loan agreement of EUR 50 million for financing of capital equipment investments of small and medium-sized enterprises and small mid-caps in the Nordic countries, as well as environmental projects.

The five-year loan facility will support SMEs and small mid-caps in various sectors, including construction, IT, manufacturing and production, in acquiring capital equipment.

SMEs and smaller mid-caps are responsible for a large share of economic output and employment in the Nordic and Baltic countries. The cooperation with Ikano Bank aims to improve access to financing for SMEs and SMCs, and to raise productivity by increasing market efficiency.

Further, environmental projects such as renewable energy or energy efficiency investments in buildings are eligible for financing under the facility.

This is the second loan facility agreed between Ikano Bank and NIB; the first was signed in 2015.

Ikano Bank AB started operations in 1995 and provides leasing and financing solutions in the Nordic countries, as well as a number of other European countries.

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, ralf.hansson@nib.int

Ms Lisa-Maria Altenberger, Communications Unit, at +358 10 618 0234, lisa-maria.altenberger@nib.int