Finland. Nooa Säästöpankki Oy
| Date of agreement: | 06 Mar 2024 |
|---|---|
| Country: | Finland |
| Customer: | Nooa Säästöpankki Oy |
| Amount in EUR: | EUR 10 million |
| Maturity: | 7 years |
| NACE sector / loan type: | Loan programme |
Project
The loan has been granted for on-lending to small and medium-sized enterprises (SMEs) in Finland.
The loan will support Nooa Saving Bank’s increased focus on SMEs, micro companies, and entrepreneurs. Currently, the majority of the bank’s loan book consists of retail loans, but the company is planning to grow its SME banking business.
This is NIB’s second loan facility agreement with Nooa Savings Bank.
Nooa Savings Bank Ltd, founded in 2003, is part of the Finnish Savings Bank Group. The Group forms the fifth largest bank in Finland, with total assets of approximately EUR 13.8 billion at the end of 2022.
Fulfilment of NIB's mandate
Lending to intermediaries alleviates credit constraints for small and medium-sized companies.
Sustainability summary
NIB has the necessary procedures in place to ensure that the projects financed through an intermediary comply with necessary environmental permits.
