SCB POLAND SUPPORT FOR SMES AND MICROENTERPRISES

Promoter – Financial Intermediary

SANTANDER CONSUMER BANK SA

Location

• Poland

Description

The project consists of a guarantee on an existing portfolio of assets, aimed at supporting new financing for small and medium-sized enterprises (SMEs), micro-enterprises and women's economic empowerment in Poland.

Objectives

This operation will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps in Poland, with a specific focus on micro-enterprises.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

PLN 300 million (EUR 70 million)

Total cost (Approximate amount)

PLN 1680 million (EUR 395 million)

Environmental aspects

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

Procurement

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

Status

Signed - 5/07/2019