27 Sep NIB launches loan programme with Norway’s Sparebanken Sør

NIB and Norway’s Sparebanken Sør have signed a NOK 750 million (EUR 80 million) loan programme for onlending to small and medium-sized enterprises’ (SMEs) investments and environmental projects.

The funds under the loan programme will be onlent for SMEs’ investments in machinery, equipment and new premises, as well as for environmental projects, such as the improvement of energy efficiency in the regions of Vest-Agder, Aust-Agder and Telemark in southern Norway, where Sparebanken Sør provides financial services. The loan programme is expected to alleviate credit constraints for small and medium-sized companies and thereby facilitate the growth of their productivity and competitiveness.”