Release date: 22 November 2006
Promoter – Financial Intermediary
Bankowy Fundusz Leasingowy S.A.Location
Description
The Project focuses on financing of small-scale projects in the fields of industry, services and commerce promoted by SMEs.
Objectives
The Global Loan enables the Bank to develop further its lending in favour of small and medium enterprises as it will help BFL to step up its lending in this vital segement of the Polish economy. The global loan is expected to generate positive effects both in terms of availability of long-term funding and in terms of overall financing cost.
Sector(s)
Proposed EIB finance (Approximate amount)
Approx. EUR 50 million.
Total cost (Approximate amount)
Not Applicable.
Environmental aspects
In accordance with the Bank's policy to ensure that sub-loans comply with the Community acquis, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the Final Beneficiary that sub-projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.
Procurement
In accordance with the Bank's policy to ensure that sub-loans comply with the Community acquis, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the Final Beneficiary that sub-projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.
Status
Signed - 28/12/2006
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).