On Tuesday 7 July 2026, Luxembourg’s National Credit and Investment Corporation (Société Nationale de Crédit et d'Investissement - SNCI) published its 2025 Annual Report, highlighting more than €43.4 million committed during the previous financial year to support the resilience and growth of Luxembourg businesses.
According to the SNCI, the report reviewed a dynamic 2025 marked by the completion of the bank's strategic review process and the launch of new financial instruments designed to address the challenges of competitiveness, the green and digital transition and technological innovation.
SMEs remained at the heart of the SNCI's activities, accounting for more than 95% of financing granted, including 48%to micro-enterprises, through its proStart, proDevelop, proInnovate and proTransfer loan programmes. The SNCI reported that 70% of its clients in 2025 were new customers and that co-financing increased by 24% compared with 2024, bringing its portfolio to around 430 active loans.
The report also highlighted the introduction of the Competitiveness and Sustainability Loan (Prêt Compétitivité Pérennité – PCP) in November 2025. The zero-interest financing instrument enables the co-financing of up to 80% of SME modernisation projects, or digitalisation and transition projects for all businesses (up to €200,000), together with a commercial bank while reducing administrative formalities. The PCP also allows businesses to apply simultaneously for bank financing and state aid through a single application.
SNCI CEO Eva Kremer welcomed the success of the new instrument and thanked the corporation's banking partners for their cooperation.
The report also outlined progress in the deployment of the €200 million Luxembourg Future Fund 2, including co-investments in Hydrosat, specialising in satellite thermal imaging, and Space Cargo Unlimited, which focuses on microgravity research, as well as investments in the 33N Ventures cybersecurity fund and the Karista digital health fund. The SNCI also confirmed its continued support for the Digital Tech Fund initiative.
The report noted that the SNCI completed its strategic review in 2025 and began implementing its new five-year strategy during the second half of the year. As part of this strategy, the SNCI's Board of Directors approved an additional €300 million over five years to finance start-ups and innovation, complementing the Luxembourg Future Fund 2. The funding will be provided through a combination of equity, mezzanine financing and debt instruments, with particular attention given to innovative companies operating in strategic sectors such as cybersecurity, deeptech, cleantech, greentech, fintech, healthtech and the space industry.
To support these ambitions, the SNCI continued to strengthen its workforce. After recruiting ten employees in 2024, the organisation's staff has grown to 25 employees.
The full 2025 Annual Report (in French) is available on the SNCI website.
