Release date: 18 March 2022
Promoter – Financial Intermediary
BNP PARIBAS BANK POLSKA SA,BNP PARIBAS LEASING SERVICES SP ZOOLocation
Description
Project supporting funding to small and medium-sized enterprises (SMEs) and mid-caps in Poland, with a substantial climate action component.
Additionality and Impact
The operation addresses the underlying market failure in access to finance faced by the Polish SMEs and MidCaps due to information asymmetries, which has been further exacerbated by the ongoing pandemics. The project will be implemented by BNP Paribas Leasing Services Sp. z o.o., the main leasing entity of BNP Paribas group in Poland. The group has a strong knowledge in the corporate lending and a solid track record with implementing EIB guarantee and funding products.
The contribution to climate action of 20% is significant and aligned with the EIB's Climate Action Strategy.It also sustains employment in the targeted areas.EIB participation sends a strong signal to the markets that might help crowd in private sector financial intermediaries. Overall, the project can contribute to the development of the Polish financial market and positively stimulate economic recovery
Objectives
Financing of small/medium projects carried out by SMEs and mid-caps in Poland.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 30/06/2021