Project description
and objectives:
|
Proposed provision of a €20 million subordinated loan to Raiffeisenbank Polska S.A. (RZBP). The loan would contribute to the bank’s capitalisation and support its strategy of becoming a major player in the retail and SME sectors in Poland. The subordinated loan will qualify as Tier 2 capital of RZBP thus supporting its expansion strategy, including product development, in the retail and SME sector in Poland.
|
Transition impact:
|
The main rationale for the EBRD’s involvement is to support RZBP in its efforts to become a major player in the retail and SME sector. RZBP’s strategy will ultimately benefit local individuals and SME entrepreneurs with better quality services at more competitive prices.
|
The client:
|
RZBP was founded in 1991 and initially specialised in providing banking services to multinationals and large local corporates. In order to meet new market challenges, starting in 2000, the bank has been refocusing on retail and SMEs sectors. As of December 2001 (unaudited figures), RZBP reported total assets in excess of €1.6 billion and total capital of €137 million.
|
EBRD finance:
|
€20 million subordinated loan.
|
Total project cost:
|
€20 million subordinated loan.
|
Environmental impact:
|
RZBP will carry out its operations in accordance with EBRD's Environmental Procedures for Local Banks. In implementing these procedures, RZBP will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.
|
Technical
cooperation:
|
None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
|
Company contact:
|
|
EBRD contact:
|
Wojciech Ciszek, Operation Leader: ciszekw@ebrd.com
|
Business opportunities:
|
For business opportunities or procurement, contact the client company.
|
General enquiries:
|
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
|
