NIB and Ikano Bank agree loan to support Nordic SMEs

In:

Renewable energy, Traditional energy

Region:

Europe

The Nordic Investment Bank and Sweden-headquartered Ikano Bank have signed a new loan agreement of €50 million to finance 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. 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, withthe first being signed in 2015.

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