EUR 150 million for Finnish SMEs as EIF and Nordea Bank sign SME Initiative agreement
(WorldNews Finland)

The European Investment Fund (EIF), part of the European Investment Bank Group, has signed an SME Initiative guarantee transaction in Finland with Nordea Bank. The agreement will improve access to finance for close to 400 Finnish SMEs, including micro companies and start-ups, by ensuring that the banks committed to the SME Initiative offer financing at improved conditions, for example lower interest rates, longer maturities or lower collateral requirements. The transaction with Nordea Bank now means that Finnish SMEs have access to a total of EUR 370 million of loans from four Finnish banks under the SME initiative. Nordea Head of Business Banking Finland, Sampsa Laine said: `We are excited...