POWSZECHNY BANK KREDITOWY (PBK) EQUITY INVESTMENT

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 4229

Status Cancelled

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Project ID 4229

Status Cancelled

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

03 Jun 1997

Disclosure date

06 Jun 1997

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

Privatisation of Powszechny Bank Kredytowy SA w Warszawie (PBK). This project has been cancelled.

Project objectives: To support the privatisation of PBK and subsequently facilitate the consolidation of the Polish banking system.

Transition Impact

Expansion of private ownership of Polish commercial banks and demonstration of the market-led approach to bank consolidation and efficiency improvements.

The Client

PBK is one of the commercial banks developed from the regional departments of the National Bank of Poland. The Polish government announced the privatisation of PBK by a public tender. The bank is among the six largest Polish banks offering universal banking services throughout the entire country with a particularly strong presence in Warsaw and north-eastern Poland.

EBRD Finance

Equity investment acquiring a minority stake of up to 15 per cent of the bank's shares in the privatisation process alongside a strategic investor which would acquire the majority stake of PBK.

Project Cost

n/a

Environmental Impact

PBK will carry out its operations in accordance with the EBRD's environmental procedures for local banks. In implementing these procedures, PBK will require its borrowers to comply with national/local health, safety, environmental and public consultation requirements. PBK will submit annual environmental reports to the EBRD.

Technical Cooperation

None

Company Contact

PSD last updated

21 Jan 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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