Release date: 16 June 2020
Promoter – Financial Intermediary
ACCEPTABLE BANK(S)Location
Description
The project, which is part of the EIB's immediate economic response to the COVID-19 pandemic, will support the Polish Development Fund to cover the financial needs of SMEs and midcaps in the country that have been affected by the crisis. The whole Polish Development Fund programme is estimated to provide subsidies to 670k SMEs.
Objectives
The aim is to enhance access to finance for eligible projects carried out by SMEs and midcaps under the COVID-19 initiatives. Through subsidised loans, the programme will finance the working capital needs of the target beneficiaries, which will enable them to continue running their businessess and thus maintain as many jobs as possible.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 554 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 - 3/12/2020
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).