NIB and Liedon Saastopankki agree €20m SME financing

Region:

Europe

Nordic Investment Bank has signed a €20 million loan programme with Liedon Saastopankki for financing small- and medium-sized (SME) enterprises and environmental projects in the south-western region of Finland.

In 2013, Liedon Saastopankki and NIB established a €10 million loan programme to on-lend funds to projects in the SME sector that improve productivity or the environment. That sum has been allocated to a total of 141 SMEs in the region. The new, EUR 20 million programme will therefore respond to the increasing demand for financing among Liedon Säästöpankki’s customers. Thirty-two per cent of the bank’s total lending is provided to companies and communities as well as to agriculture.

SME projects must involve investments in either machinery, equipment, production or service facilities and working capital.

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