Signature(s)
Summary sheet
- Credit lines - Credit lines
De-linked risk-sharing, unfunded guarantee aiming to provide new lending to small and medium-sized enterprises (SMEs) and mid-caps. The guarantee will cover up to 50% of the credit risk associated with a portfolio of existing corporate loans outstanding on MBank's balance sheet.
The proposed operation consists of a risk-sharing guarantee instrument aiming to facilitate new lending to SMEs and mid-caps in Poland by providing capital relief and help to alleviate internal concentrations and limit restrictions experienced by the counterpart. The guarantee will cover up to 50%, on a loan-by-loan basis, of the credit risk of selected corporate loans outstanding on MBank's balance sheet (the existing portfolio). In exchange for the guarantee, the counterpart will be required to originate a new portfolio of loans to SMEs and mid-caps of a size equal to the size of the existing portfolio.
In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require the intermediary to take all the requisite measures to ensure that the environmental procedures carried out by the final beneficiaries for the sub-projects that the Bank finances comply with relevant EU legislation and applicable national legislation, provided that it is in conformity with EU rules.
In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require the intermediary to take all the requisite measures to ensure that the procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances comply with relevant EU legislation and applicable national legislation, provided that it is in conformity with EU rules.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
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