Nordea supports small and medium businesses together with the European Investment Fund

Together with the European Investment Fund, Nordea is introducing a new range of guaranteed loans for small and medium enterprises to accelerate innovation and the transition to a green and sustainable economy.

The European Investment Fund (EIF) guarantees loans of up to €115 million in partnership with the InvestEU programme. Guarantees allow Nordea to support clients by providing them with access to financing on more favorable terms.

“To date, we have provided around €1.4 billion in EIF-guaranteed loans, supporting our clients and the economy as they recover from the impact of COVID-19. Loan guarantees are highly valued and the new EIF guarantees will provide our clients with additional opportunities to drive innovation and growth in Scandinavian societies.” says Nina Arkilahti, head of Nordea Business Banking.

At the first stage, guarantees will be available to small and medium-sized enterprises in Finland and Sweden:

• The Innovation and Digitization Guarantee aims to increase access to funding for research and innovation companies, as well as support digital adoption and digital transformation of enterprises. The guarantee of innovation and digitalization is already available.
• The Sustainability Guarantee aims to further support the transition to a green and sustainable economy by encouraging sustainable, green and inclusive investments such as decarbonization, renewable energy and energy efficiency. The Sustainability Guarantee will be available soon.

EIF CEO Marut Falkstedt said: “We are pleased to sign a new InvestEU guarantee agreement with Nordea. It will provide further EU support to SMEs in Finland and Sweden, providing them with favorable conditions and facilitating a faster transition to a digital and greener economy.”

Nordea is a key partner of the EIB Group in the Nordic countries. Under a previous guarantee agreement signed in 2021, the EIB Group provided a portfolio guarantee of up to €1.8 billion, freeing up capital for Nordea to make new loans for sustainable investments in Sweden and Finland.

Nordea’s message supports SMEs along with the European Investment Fund first appeared on Fintech Finance.

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