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.

 

 

 

 

 

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