PolSEFF Leasing – BZ WBK Lease

Location:

Poland

Project number:

46679

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

08 Jul 2015

Status:

Complete

PSD disclosed:

05 Jun 2015

Trabnslated version of this PSD: Polish

Project Description

The EBRD is considering a senior loan of up to €50 million to BZ WBK Lease S.A. (“Project”) under the PolSEFF Leasing Framework (“Framework”). The proceeds will be used to provide leasing finance to small and medium-sized enterprises (SMEs) in Poland.
 
At least 70% of the proceeds will be used for financing sustainable energy projects based on the pre-approved list of eligible materials and equipment, while up to 30% will be used for the acquisition of equipment, light commercial vehicles and trucks and trailers by SMEs.

Transition Impact

Demonstration of new products: The Project will help demonstrate the financial viability and attractiveness of sustainable energy financing through leasing companies. This will be the third project under the Framework.
 
Market expansion: By providing access to finance to SMEs for modern energy efficiency equipment, the Project will expand the market for the best available technologies, increasing penetration rates.
 
Skills transfer: The Project will further increase the awareness of BZ WBK Lease S.A. and its clients of the benefits of energy efficiency.

The Client

BZ WBK Lease is part of Bank Zachodni WBK Group and operates in conjunction with BZ WBK Leasing. Collectively, BZ WBK’s leasing business is the 4th largest in Poland with €1.2 billion in combined assets at 31 December 2014. BZ WBK Lease specializes in the financing of machinery and equipment while BZ WBK Leasing specializes in financing of vehicles.

EBRD Finance

Senior loan of up to €50 million with a maturity of 5 years and 2 year grace period.

Project Cost

€50 million.

Environmental and social categorisation, impact, and mitigation

Categorised FI (ESP 2008). BZ WBK Lease will be required to comply with EBRD’s PRs 2 & 9, adopt and implement the EBRD’s E&S Risk Management Procedures for Leasing and submit Annual Environmental and Social Reports to the Bank. Sub-borrowers financed through the Facility will be required to comply with national requirements for environment, health and safety and labour standards and the eligibility criteria for EE and RE projects.

Technical Cooperation

None.

Company Contact

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

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

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