Finland. Oma Säästöpankki Oyj
| Date of agreement: | 15 Jun 2022 |
|---|---|
| Country: | Finland |
| Customer: | Oma Säästöpankki Oyj |
| Amount in EUR: | EUR 50 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) and smaller mid-caps (SMCs) in Finland.
Oma Savings Bank (OmaSp) offers retail banking services to households, housing companies, SMEs, as well as agricultural and forestry entrepreneurs. The bank’s SME loan portfolio accounts for 20% of the whole loan book.
This is NIB’s third loan facility agreement with OmaSp. The first two were signed in 2015 and 2018, and both loans were fully allocated.
Oma Savings Bank Plc is the largest savings bank in Finland. The bank offers services to 150,000 private and business customers through 35 branches and digital service channels. Oma Savings Bank has been listed on Nasdaq Helsinki since 2018.
Fulfilment of NIB's mandate
Lending to intermediaries alleviates credit constraints for small and medium-sized companies. The allocations from NIB’s loan facility will be monitored and shall meet the criteria for loan programmes to SMEs in the Bank’s Mandate Rating Framework.
Sustainability summary
Projects that are financed through a financial intermediary are required to fulfil the requirements defined in NIB’s Sustainability Policy.
