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