Release date: 20 May 2020
Promoter – Financial Intermediary
SANTANDER BANK POLSKA SA,SANTANDER LEASING SALocation
Description
The project consists in a guarantee to support SMEs and midcaps in Poland, part of EIB response to the COVID-19 crisis.
Objectives
The guarantee aims at addressing the working capital, liquidity and investment needs of SMEs and midcaps in affected by the pandemic outbreak.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
PLN 284 million (EUR 64 million)
Total cost (Approximate amount)
PLN 1792 million (EUR 405 million)
Environmental aspects
In line with the EIB's policy to ensure that sub-loans comply with the EU legislation, the Santander Bank Polska is required to take all the required measures to ensure that the final beneficiaries comply with the applicable EU and national legislation.
Procurement
In In line with the EIB's policy to ensure that sub-loans comply with the EU legislation, the Santander Bank Polska is required to take all the required measures to ensure that the final beneficiaries comply with the applicable EU and national legislation.
Status
Signed - 19/06/2020
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).