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SpareBank 1 SMN and Nordic Investment Bank Sign NOK 1 Billion Loan Agreement


Monday, 30 Jul 2012 06:23am EDT 

SpareBank 1 SMN announced that The Nordic Investment Bank (NIB) has signed a loan agreement totaling NOK 1 billion (EUR 133 million) with SpareBank 1 SMN for onledning to small and medium-sized hydropower enterprises in Norway. The 15-year-maturity loan program is earmarked to finance Sparebank 1 SMN's hydropower projects, most of them between one megawatt and five megawatts. The loan program will cover new hydropower projects and the upgrading of the existing plants during 2012-2013. 

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