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    Reference: 20190700
    Release date: 29 November 2019

    Promoter – Financial Intermediary

    SANTANDER BANK POLSKA SA

    Location

    Description

    The operation concerns of an unfunded guarantee instrument providing capital relief and help alleviating internal concentrations and limit restrictions experienced by Santander Bank (SB) Polska.

    Objectives

    The aim is to facilitate new lending to SMEs and midcaps in Poland having a significant Climate Action component. The guarantee will cover up to 50% on a loan by loan basis, of the credit risk of selected exposures outstanding on SB Polska's loan book. In exchange for the guarantee, the counterpart will be required to originate a new portfolio of eligible loans twice the size of the guarantee.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 350 million

    Total cost (Approximate amount)

    EUR 840 million

    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

    Approved - 23/04/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Poland Credit lines