NIB and Ziklo Bank sign loan programme for SMEs and SMCs in Sweden

NIB and Ziklo Bank AB have entered a SEK 750 million (approx. EUR 65.2 million) loan agreement for on-lending to support small and medium-sized enterprises (SMEs) and small mid-caps (SMCs) in Sweden. The 7-year program will enable these businesses to acquire a range of transportation vehicles, including heavy and light trucks, trailers, and buses.

Ziklo Bank AB will leverage the facility to provide tailored financing solutions to SMEs and SMCs across Sweden. By alleviating credit constraints, the loan program can enhance productivity and support business growth.

NIB has collaborated with Ziklo Bank AB, formerly known as Volvofinans Bank AB, since 2016, supporting SMEs and environmental projects through three loans, and invested in a 5-year green bond issued by Ziklo Bank in 2020.

Founded in 1959, Ziklo Bank AB is jointly owned by Swedish Volvo dealers (via AB Volverkinvest) and Volvo Personvagnar AB. Its recent name change reflects a broader focus, offering financial services for multiple brands and dual-distribution channels.

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
Ralf Hansson, Senior Banker, at +358 10 618 0268, ralf.hansson@nib.int

Iiris Anttalainen, Communications unit, at +358 10 618 0258, iiris.anttalainen@nib.int