Release date: 10 June 2011
Promoter – Financial Intermediary
Bank Zachodni WBK
Location
Description
Financing of small and medium sized venture undertaken by eligible SMEs in industry and services in Poland.
Objectives
As a dedicated loan to all eligible SMEs (e.g. industry, services, etc.) and in line with the revised EIB policy for SME lending, the amount of each allocation under the EIB loan may reach up to 100% of the intermediary’s sub-loan, capped at EUR 12.5m. However total share of the EIB allocations will not exceed 50% of the promoter’s total SME eligible loan portfolio signed during the EIB loan’s allocation period.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
In accordance with the Bank's policy to ensure that sub-loans comply with relevant EU legislation, 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 legislation.
Procurement
The legal documentation will oblige the intermediary bank to ensure that any procurement procedures are done in accordance with EIB guidelines and the relevant applicable EU rules.
Status
Signed - 23/09/2011