Europejski Fundusz Leasingowy, EFL (debt)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 12250

Status Complete

Location

Poland

Business Sector

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 12250

Status Complete

Location

Poland

Business Sector

Notice Type

Private

Environmental Category

Approval Date

05 Sep 2000

Disclosure date

04 Aug 2000

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Syndicated loan of €55 million to Europejski Fundusz Leasingowy S.A. (EFL), including €35 million for the account of the EBRD, for the purpose of enabling EFL to expand its lease portfolio to small and medium-sized enterprises (SMEs) in Poland.

Transition Impact

The loan will support the development of Polish SMEs, have a positive impact on employment, mobilise co-financing from other financial institutions, and provide longer-term funding to EFL, enabling the company to optimise its asset and liability management and to increase its portfolio of leased assets with a longer useful life.

The Client

EFL is Poland's largest independent equipment and vehicles lessor, serving SMEs in Poland. At 30 June 2000, EFL's total assets per US GAAP (Generally Accepted Accounting Principles) had reached PLN 1.47 billion (€351 million), with equity of PLN 531 million (€127 million) and annual net profit of PLN 43.7 million (€10.4 million). EFL has been listed on the Warsaw Stock Exchange since April 2000.

EBRD Finance

Amortising syndicated facillity of €55 million, including a €35 million loan with a maturity of up to four years for the account of the EBRD and a parallel €20 million syndicated loan from commercial banks.

Project Cost

€55 million

Environmental Impact

EFL will ensure that transactions do not involve goods or activities listed on the EBRD’s Environmental Exclusion List for financial intermediaries, and that all leased assets meet, at a minimum, Polish health, safety and environmental regulations and standards.

Technical Cooperation

None.

Transition impact

ETI Score:75

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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