“The European Investment Bank has been a partner in Poland’s economic development since 1990. We support investment in Poland that aims to strengthen competitiveness, reduce regional disparities, and raise living standards.In 2016 we provided EUR 4.44 billion in financial support to Poland for projects that will modernize the country’s cities and infrastructure and promote entrepreneurship and innovation. This figure includes EUR 603 million under the European Fund for Strategic Investments, a central element of the Investment Plan for Europe, otherwise known as the Juncker Plan”, said EIB Vice-President Vazil Hudák, who is responsible for the Bank’s operations in Poland, at a press conference outlining the EIB's activities in Poland.
Poland is the biggest beneficiary of EIB loans among the Member States that joined the European Union in 2004, and the sixth biggest among all countries that receive EIB support.
In 2016 the Bank mainly supported the development of road and rail infrastructure in Poland, allocating more than EUR 780 million for the construction and modernization of over 330 km of railway and 40 km of the S7 express road, as well as for the purchase of 30 items of modern rolling stock.
Financial support under the European Fund for Strategic Investments opened up new investment opportunities in the SME, food, energy, and housing sectors, and in the area of health care. This was the first time funding was obtained by means of a hybrid bond issue, which was structured and conducted by the EIB under the EFSI – the first such transaction on the Polish corporate bond market.
The Bank’s financial support of over EUR 1 billion was addressed to Polish SMEs and mid-caps, which will contribute to job growth in this sector. For the first time in Poland, the EIB acquired a mezzanine tranche under the consumer loan securitization programme.
In addition, the EU bank supported the development of Polish cities. It provided loans worth almost EUR 1 billion for the modernization of municipal transport, educational facilities, social and health care facilities, and environmental protection infrastructure in several Polish cities and regions. The EU bank also allocated EUR 700 million to rural development.
In 2017 the EIB will continue to support the implementation of projects in Poland in the aforementioned sectors. It will focus, in particular, on increasing the pace of modernization of Polish cities and on promoting major investment in R&D and energy (including renewables). It will also provide support to SMEs and mid-caps.
In the words of EIB Vice-President Vazil Hudák: “This year, the EIB will continue to seek new opportunities to increase support for enterprises, especially innovative enterprises, operating on the local market, particularly through the use of new products offered under the EFSI, such as financial consultancy, mezzanine financing, and hybrid bonds.”
EIB provides loans to Poland in 2016 worth EUR 4.44 billion, including EUR 603 million under the Juncker Plan
“The EIB supports investment projects in Poland designed to reduce disparities in regional development, strengthen economic competitiveness and improve people’s living standards. In 2015, we provided financing in Poland amounting to EUR 5.54 billion. This year, we want to focus on financing under the European Fund for Strategic Investments, a crucial part of the Investment Plan for Europe”, said László Baranyay, Vice-President of the EIB with responsibility for the Bank’s operations in Poland at a press conference showcasing the Bank’s activities in Poland.
Lending activity up 13% year on year in 2017 to over EUR 5bn. Since 1990 EIB has provided approximately EUR 65bn in financing to Poland, covering around 420 projects and investment programmes in all sectors of activity. New operations signed in early 2018 include a EUR 580m loan for road upgrading in south-east Poland (S19) and two loans to the City of Poznan for public transport and social housing projects (the latter under the “Juncker Plan”) for a total amount of over EUR 150m.
With €5.4 billion of overall financing 2019 was a strong year for the EIB Group in Poland. The Group’s activity was 13 % higher than in the previous year and in line with the trend of the past five years. Loans granted to public and private counterparts by the EIB amounted to €4.3 billion, while the European Investment Fund (EIF) provided €1.1 billion in guarantees and equity investments to small and medium-sized businesses and mid-caps.