NIB and SpareBank 1 Nord-Norge sign second loan facility

The Nordic Investment Bank and Norway's SpareBank 1 Nord-Norge have launched a new €104 million loan facility for small and medium-sized enterprises and environmental projects in Northern Norway. It is the second loan programme SpareBank 1 Nord-Norge has agreed with NIB; the first was signed in 2016. Under the first facility, around 2,100 loans to SME projects and up to 300 loans financing investments in electric and hybrid cars were agreed.