Release date: 11 October 2016
Promoter – Financial Intermediary
Bank Zachodni WBK SA.Location
Description
De-linked risk-sharing guarantee facility to cover up to 50% of the credit risk associated with Bank Zachodni's corporate loan portfolio
Objectives
The guarantee aims to provide capital relief facilitating new lending to small and medium-sized enterprises (SMEs) and mid-caps.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 340 million
Total cost (Approximate amount)
EUR 682 million
Environmental aspects
In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require the intermediary to take all requisite measures to ensure that the environmental procedures carried out by the final beneficiaries for the sub-projects that the Bank finances comply with relevant EU legislation and applicable national legislation, provided that it is in conformity with EU rules.
Procurement
In accordance with the Bank's policy to ensure that sub-loans comply with the EU acquis, in particular in the fields of environment and public procurement, the Bank will require the intermediary to take all requisite measures to ensure that the procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances comply with relevant EU legislation and applicable national legislation, provided that it is in conformity with EU rules.
Status
Signed - 10/02/2017
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).