SEB offers green loans to small and medium-sized enterprises
As of February, SEB offers green microloans of up to 20,000 euros on especially favourable terms, to finance solar panels and charging stations for electric cars. This is another green offer in SEB’s product portfolio.
Reducing environmental impacts has been on the public agenda for a long time. A study commissioned by SEB reveals that the share of small and medium-sized enterprises in the Baltics that consider the environmental factor important for competitive growth is relatively low*. In Estonia, the implementation of the principles of corporate responsibility is the most important for companies; in Latvia, companies pay the most attention to choosing sustainable partners, and Lithuanian companies consider it important to have a responsible attitude towards natural resources.
Tatjana Vakulenko, the Head of SEB Business Customers segment: “The need for energy-efficient solutions is immense and the customers are expecting new green solutions from banks. That’s why we responded quickly and are launching a new green loan offer to companies who wish to reduce their daily carbon footprint and be a friend of nature.”
“Small and medium-sized enterprises are open and ready to test new solutions that the bank has offered. Today’s new green loan offer for entrepreneurs is a good investment for calculating long-term gain towards energy efficiency and a more positive climate. Sustainable business model definitely gives an advantage over competitors,” Evelin Allas, the Head of Sustainable Banking at SEB stresses.
Based on the survey, small and medium-sized enterprises in the Baltic countries in general value the most the social aspect of all the sustainability criteria – investment in employees and the provision of a favourable working environment, but also profitable investment for the society.
The green microloan is an unsecured loan of up to 20,000 euros, designed for small and medium-sized enterprises. Further information: Green microloan | SEB
* The SEB customer companies survey was conducted in January 2022 to find out the forecasts of small and medium-sized enterprises in the Baltics for 2022 in five areas: sales, employment, export, innovation and investment. The survey involved 834 Estonian, 398 Latvian and 638 Lithuanian enterprises from various industries.
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