BGZ (Bank Gospodarki Zywnosc) - SME Loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 40545

Status Complete

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

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

Project ID 40545

Status Complete

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

27 Apr 2010

Disclosure date

26 Mar 2010

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."

Translated version of this PSD: Polish

Project Description

The EBRD is considering providing a senior loan of up to €50 million to Bank Gospodarki Zywnosciowej S.A. (“BGZ”) for on-lending to micro, small and medium-sized entreprises (MSMEs). The MSME loan will assist BGZ to further expand its lending activities to private sector Polish entrepreneurs and farmers, particularly in rural areas.

Transition Impact

The MSME loan will increase supply of medium-term funding and will allow an increasing number of MSMEs and farmers, including in less developed regions of Poland, to have access to bank financing.

The Client

BGZ, a subsidiary of Rabobank, is a Polish universal bank with a country wide reach and total assets of €5.9 billion as of the end of 2009. BGZ is a leading player in agricultural financing with close to 19% market share.

EBRD Finance

MSME loan of up to €50 million.

Project Cost

€50 million.

Environmental Impact

Screened FI (2008). BGZ will be required to comply with the EBRD's Performance Requirements for FIs (specifically, PR2 and 9). As an existing client BGZ is familiar with EBRD's environmental requirement. The environmental procedures adopted by BGZ on the occasion of EBRD's earlier investments are fully in line with PR9 of the EBRD's 2008 ESP. The bank will be required to adhere to the EBRD's Environmental and Social Exclusion and Referral Lists and submit annual environmental and social reports to the EBRD.

Technical Cooperation

None for this project. The bank has benefited from previous TC support under the EU/EBRD SME Finance Facility (Rural Window).

Company Contact

Bank Gospodarki Żywnościowej S.A.
10/16 Kasprzaka str., 01-211 Warsaw Tel. +48 22 860 40 00; Fax + 48 22 860 50 00

Website: www.bgz.pl

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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