EIB lends €100mn to Poland’s Pekao Leasing for financing SMEs’ efforts in energy, women’s entrepreneurship

By bne IntelliNews January 20, 2021

The European Investment Bank (EIB) launched a new €100mn loan to the Polish company Pekao Leasing for the financing of small and medium-sized enterprises, the EIB said on January 19.

In particular, the financing will support SMEs’ efforts to boost energy efficiency, investment in sustainable energy, as well as “preparing a competitive leasing offer for enterprises owned or managed by women”.
 
The beneficiaries can use the loan to finance durable asset investments and tangible assets, for instance, R&D expenses. The overall investment cost should not exceed €25mn and EIB support can extend to €12.5mn, the EU’s development bank said.

The loan is to Pekao Leasing, the leasing arm of Bank Pekao Group, Poland’s second-largest lender, which is controlled by the state-run insurance giant, PZU. The loan is secured by a bank guarantee from Bank Pekao.

 

 

 

 

 

Related Articles

Alior Bank to pay out PLN570mn in first ever dividend

Alior Bank will pay out a dividend of PLN570mn (€122mn) from the profit generated in 2023, the Warsaw-listed lender said on February 28. The payout is in line with recommendations of the Polish ... more

EBRD buys into Poland’s Pekao Eurobond issue

The European Bank for Reconstruction and Development (EBRD) invested €20mn in debut Eurobonds issued by the state-controlled Bank Pekao, the second-largest Polish lender by assets, the EBRD said on ... more

Four Polish lenders form consortium to finance Polsat Plus Group’s wind farm project

PKO Bank Polski, along with three other banks, has entered into a consortium agreement with Great Wind, a subsidiary of the Polsat Plus Group, a media and entertainment company, to finance the ... more

Dismiss