BANK OCHRONY SRODOWISKA CLIMATE ACTION MBIL

Promoter – Financial Intermediary

BANK OCHRONY SRODOWISKA SA

Location

• Poland

Description

Multi-beneficiary intermediated loan to fund the lending activity of Bank Ochrony Srodowiska S.A. to small and medium-sized enterprises (SMEs), mid-caps and public sector entities in Poland, with a dedicated climate action window

Objectives

The project aims to provide financing intermediated by Bank Ochrony Srodowiska S.A. for small and medium-scale projects carried out by SMEs, mid-caps and public sector entities with a dedicated window for activities related to climate action.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 75 million

Total cost (Approximate amount)

not applicable

Environmental aspects

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 institution to take all requisite measures to ensure that the environmental and 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.

Procurement

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 institution to take all requisite measures to ensure that the environmental and 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.

Status

Signed - 13/06/2017