Green Economy Financing Facility for Leasing in Poland - BZ WBK Leasing

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 48886

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 48886

Status Complete

Location

Poland

Business Sector

Notice Type

Private

Environmental Category

Approval Date

20 Sep 2017

Disclosure date

22 Mar 2017

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 provision of a senior loan of up to €50 million to BZ WBK Leasing S.A. ("Project") under the GEFF Framework in Poland for Leasing ("Framework"). The proceeds will be used to provide leasing finance to small and medium-sized enterprises ("SMEs") in Poland. This will be the first project under the Framework.

Project Objectives

BZ WBK Leasing S.A. will use the proceeds of the loan to finance energy and resource efficiency, renewable energy, water and waste management sub-projects, through private businesses, that stimulate green economy transition (i.e. GET investments), under the Framework. The eligible sub-projects will cover a broad spectrum of technologies and will be selected according to technical, financial and environmental eligibility criteria.

Transition Impact

The main sources of transition impact will stem from the demonstration of commercial viability of resource and energy efficiency investments to private businesses and the financial sector, which is expected to contribute to the market expansion and transfer of skills in Poland.

Client Information

BZ WBK LEASING SA

BZ WBK Leasing S.A. is part of Bank Zachodni WBK Group and is the 5th largest leasing company in Poland with €1.6 billion in assets and €122 million in equity at 31 December 2016. BZ WBK Leasing specializes in the financing of machinery, equipment and vehicles.

EBRD Finance Summary

EUR 50,000,000.00

Senior loan of up to €50 million with a maturity of 4 years and 1 year grace period.

Total Project Cost

EUR 50,000,000.00

Environmental and Social Summary

Categorised FI (2014). BZWBK Leasing will be required to comply with EBRD's PRs 2, 4 and 9, adopt the E&S Risk Management Procedures for Leasing Activities and submit annual environmental and social reports to the bank via the EBRD's Sustainability Index. BZWBK Leasing will be required to ensure sub-projects are in compliance with all applicable national environmental, social, health and safety and labour regulations and standards of Poland. The project will also be supported by TC consultant who will ensure eligible sub-projects are in compliance with the E&S eligibility criteria.

Technical Cooperation

The Framework is expected to be supported by TC of up to EUR 295,000.

Company Contact Information

Przemyslaw Mocek
przemyslaw.mocek@bzwbk.pl
(+48) 61 850 3536

Transition impact

ETI Score:60

PSD last updated

28 Mar 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

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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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