Release date: 16 November 2012
Promoter – Financial Intermediary
BANK ZACHODNI WBK SALocation
Description
Financing of small and medium sized ventures undertaken by eligible SMEs in industry and services in Poland.
Objectives
Improving access to term finance at favourable conditions, the loan will provide an alternative source of funding to strengthen the productivity and competitiveness of eligible SMEs in Poland.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
In accordance with the Bank's policy to ensure that sub-loans comply with relevant EU legislation, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the final beneficiary that sub-projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant legislation.
Procurement
The legal documentation will oblige the intermediary bank to ensure that any procurement procedures are done in accordance with EIB guidelines and the relevant applicable EU rules.
Status
Signed - 17/06/2014
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).