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Signature(s)

Amount
€ 200,000,000
Countries
Sector(s)
Poland : € 200,000,000
Credit lines : € 200,000,000
Signature date(s)
17/11/2022 : € 100,000,000
26/07/2024 : € 100,000,000

Summary sheet

Release date
5 July 2022
Status
Reference
Signed | 17/11/2022
20200804
Project name
Promoter - financial intermediary
SGEL LOAN FOR SMES AND MIDCAPS CLIMATE ACTION
SG EQUIPMENT LEASING POLSKA SP ZOO
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 200 million
not applicable
Location
Sector(s)
Description
Objectives

Intermediated leasing support for the funding of SGEL's financing activity towards small and medium-sized enterprises (SMEs) and mid-caps and other public sector entities in Poland, with a sizeable Climate Action component.

Financing of small/medium projects carried out by small and medium-sized enterprises and public sector entities.

Additionality and Impact

The proposed operation supports the financing of small and medium scale projects undertaken by SMEs and Mid-Caps, and PSEs in Poland. As such, it falls under the scope of EU objectives through its contribution to job creation and to increased competitiveness and productivity of SMEs and Mid-Caps. Moreover, at least 20% of the resulting investments are intended for Climate Action & Environmental Sustainability, which will accelerate the green transition of the Polish economy. Building on the Intermediary's strong track record and long-standing experience, it is expected that the EIB funds are to be utilised in an efficient and timely manner. Thanks to the EIB's financial contribution, the Intermediary will be able to provide financing to final beneficiaries at improved conditions, including in cohesion regions (80%). Other elements of the EIB contribution are the customisation of repayment terms  and a strong signalling effect in particular for green financing, that may help crowd in additional financing.

Environmental aspects
Procurement

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

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).

News & Stories

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Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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