Raiffeisen Bank Polska S.A. Bond Programme

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 46793

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 46793

Status Complete

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

15 Oct 2014

Disclosure date

06 Nov 2014

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 investments in a series of senior unsecured bonds to be issued by Raiffeisen Bank Polska S.A. on the Polish capital market in the next two years under a programme of PLN 2 billion with a maturity of up to 5 years.

This is the first local currency bond programme by Raiffeisen Bank Polska S.A., aiming at greater diversification of its funding base, improved maturity structure of the balance sheet and expansion of lending operations, including to Micro, Small and Medium-sized Enterprises clients.

Transition Impact

The transition impact is derived from

(i) the build-up of the critical mass of outstanding capital market instruments and the establishment of sustained market presence needed to develop market liquidity and attract institutional investors, and

(ii) the demonstrations of balance sheet restructuring and high standards, especially in transparency and accountability to investors.

The Client

Raiffeisen Bank Polska S.A. is a universal bank ranking 8th in Poland with total assets of EUR 12.1 billion as of June 2014.

EBRD Finance

No more than 20% of a single issue.

Project Cost

Up to PLN 2 billion.

Environmental Impact

Categorised FI. As a participating financial institution under the Poland Financial Institutions Capital Market Framework, Raiffeisen Bank Polska (RBPL) will be required to comply with performance requirements (PRs) 2 and 9, adhere to the EBRD E&S Exclusion and Referral List and submit Annual Environmental and Social Reports to the Bank. The Bank’s due diligence has shown that RBPL complies with performance requirements (PRs) 2 and is currently developing its E&S Policy. RBPL’s credit staff will undergo EBRD’s E&S e-learning training programme for FIs. RBPL has the capacity to implement the EBRD E&S requirements.

Technical Cooperation

None.

Company Contact

Arkadiusz Duszak, Head of Active Credit Portfolio Management and Debt Issues
tel. (+48) 22 585 25 21
E-mail: arkadiusz.duszak@raiffeisen.pl

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.

Our story

How we invest in changing lives

What we offer for businesses

Search