Norway. Sparebanken Møre
| Date of agreement: | 15 Mar 2023 |
|---|---|
| Country: | Norway |
| Customer: | Sparebanken Møre |
| Amount in NOK: | NOK 500 million |
| Amount in EUR: | EUR 45.66 million |
| Maturity: | 6 years |
| NACE sector / loan type: | Loan programme |
Project
The loan has been provided for onlending to small and medium sized enterprises (SMEs) in Sparebanken Møre’s market area Nordvestlandet.
The loan amount is expected to be onlent to finance investments in various industries such as real estate, fishing, services and offshore supply.
Since 2002, NIB has concluded two loans with Sparebanken Møre amounting to a total of EUR 85 million.
Savings bank Sparebanken Møre was established in 1985. The bank operates 27 branch offices throughout the county of Møre og Romsdal in western Norway.
Fulfilment of NIB's mandate
The project is expected to alleviate credit constraints and facilitate productivity growth.
Sustainability summary
Projects to be financed through a financial intermediary must fulfil the sustainability requirements defined in NIB’s Sustainability Policy and Guidelines.
