Project description
and objectives:
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Provision of term funding to a key niche bank for on-lending to Polish private enterprises. The project aims to provide much-needed term funding for the clients of LG Petro Bank, which are mostly Polish middle-market enterprises.
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Transition impact:
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The project will provide support for a key niche bank in Poland that has as its clients many small and medium-sized enterprises (SMEs) and middle-market clients.
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The client:
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Established in 1990, LG Petro Bank ranks as the 19th largest bank in Poland by assets. Its headquarters are in Lodz. LG Petro Bank provides a full range of banking services through eight branches throughout Poland, and the bank is expanding its network to cover all principal Polish cities.
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EBRD finance:
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Credit line of US$ 20 million, to be drawn in US$, EUR or PLN.
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Total project cost:
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n/a
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Environmental impact:
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LG Petro Bank will follow the EBRD's Environmental Procedures for Intermediated Lending through Local Banks in relation to all sub-loans financed through the credit line. In implementing these procedures, the bank will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.
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Technical
cooperation:
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None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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EBRD contact:
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Patryk Borzecki, Operation Leader: borzeckp@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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