Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

26 Jun 2001



PSD disclosed:

30 May 2001

Project Description

Proposed provision of a PLN denominated subordinated loan to Lukas Bank, supporting the loan growth of the leading Polish consumer finance company, being acquired by Caisse Nationale de Crédit Agricole.
Proceeds will be used to:
  • increase the supplementary (Tier II) capital of Lukas Bank;
  • finance the anticipated loan growth; and
  • improve the range of products and services offered to clients in order to expand the deposit base of the bank.
The EBRD’s objectives are to strengthen the capitalisation of Lukas Bank, and accompany CNCA’s strategic growth in the region.

Transition Impact

This operation will increase the competition in the consumer finance segment of the Polish financial market. It will support CNCA’s entry into the region.

The Client

Lukas Group is Poland’s leading consumer finance company that distributes consumer loans through Lukas SA and provides retail banking products and services through Lukas Bank.
The French bank Caisse Nationale de Crédit Agricole (CNCA) is in the process of acquiring Lukas Group, and it is expected that the transaction will be finalised in June 2001. CNCA will guarantee the EBRD’s loan.

EBRD Finance

PLN denominated subordinated debt of PLN 87.5 million (€24.9 million).

Project Cost

PLN 87.5 million (€24.9 million).

Environmental Impact

Lukas Bank will carry out its operations in accordance with the EBRD's Environmental Procedures for Local Banks. In implementing these procedures, Lukas Bank will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.

Technical Cooperation


Company Contact


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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