ANNOUNCEMENT 28 Jun 2018

In June 2018, the European Investment Bank (EIB) signed a credit line agreement with SG Finans AS to support equipment leasing by small and medium-sized enterprises (SMEs) in Denmark and Sweden.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, SG FINANS LEASING LOAN FOR SMES III: http://www.eib.org/en/projects/loan/loan/20170874
The European Investment Bank, Project summary, Project No. 20170874, SG FINANS LEASING LOAN FOR SMES III: http://www.eib.org/en/projects/pipelines/pipeline/20170874

Inception date: 28 Jun 2018 | Removal date: open ended
Still in force

State loan

On 17 April 2018, the European Investment Bank (EIB) approved a credit line to SG Finans AS having a total value of EUR 250 million (USD 289 million). The credit line agreement between the European Investment Bank (EIB) and SG Finans AS was signed on 28 June 2018. Under the credit line, two loan agreements were initially signed on the same day having a total value of EUR 50 million each for operations in Denmark and Sweden respectively. 

The credit line will, through SG Finans AS, support equipment leasing for small and medium-sized enterprises (SMEs) and mid-cap companies in Denmark and Sweden. The credit line is financed under the EIB 2017 programme for EU SMEs and mid-caps, see related state act.

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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