NIB and Sparebanken Møre fund SMEs in Norway

15 Mar 2023 12:56 CET

The Nordic Investment Bank (NIB) and the Norwegian savings bank Sparebanken Møre
have launched a six-year loan facility for onlending to small and medium-sized
enterprises (SMEs) in Sparebanken Møre’s market area Nordvestlandet.
The NOK 500 million (EUR 45,66 million) loan programme will co-finance projects
that will increase the competitiveness of SMEs in various sectors such as real
estate, fishing, services and offshore supply.

“I am pleased to continue our partnership with Sparebanken Møre, which started
in 2002, and is essential for NIB in reaching out to the many businesses in
Nordvestlandet. The small and medium-sized enterprises and midcaps contribute
significantly to the overall output and job creation in the region. Providing
better access to financing for projects boosting productivity means we can
contribute to bolstering competition and efficiency in the market,”, says André
Küüsvek, NIB President and CEO.

Sparebanken Møre was established in 1985. The bank operates 27 branch offices
throughout the county of Møre og Romsdal.

"This is an important long-term agreement for Sparebanken Møre and our
customers. Our region has a large share of small and medium-sized businesses
that are important generators of development and innovation. Through the loan
agreement, we can facilitate growth and necessary investments in this segment.
The Nordic Investment Bank (NIB) is a central financial actor in the Nordic and
Baltic region, and this agreement strengthens our long and good cooperation with
NIB.", says Trond Nydal, CEO of Sparebanken Møre.

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
Jim Dahlström, Senior Banker, +358 10 618 0334, jim.dahlstrom@nib.int
Arild Moen, Associate Director, Communications, +358 10 618 0496,
arild.moen@nib.int

For Sparebanken Møre
Ove T. Ness, AVP Head of Treasury, ove.ness@sbm.no

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