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Poland Reff - Euro Bank S.A.



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

03 Nov 2017



PSD disclosed:

04 Apr 2017

Translated version of this PSD: Polish

Project Description

Provision of a senior loan of up to PLN 100 million (EUR 23 million equivalent) to Euro Bank S.A. under the Poland-Renewable Energy Financing Facility (REFF) framework. The loan will be complemented by a comprehensive Technical Cooperation support package. Euro Bank S.A. will onlend the EBRD funds on market terms to customers to finance eligible energy and resource saving projects in residential buildings in Poland.

Project Objectives

The facility is aimed at tackling the high energy and water consumption in the Polish residential sector and expected to contribute to the following objectives: (i) enhance the competitiveness of commercial financing for energy and resource saving investments in the residential sector; (ii) improve living standards of households; (iii) lower carbon emissions; (iv) develop market-based loan instruments that target the above objectives.

Transition Impact

In line with the Poland-REFF framework the main sources of transition impact will come from the demonstration of financial viability of energy and resource efficiency financing. This in turn is expected to contribute to the growth of the market for sustainable energy and resource financing in Poland.

Client Information


Euro Bank is a Polish retail bank specialising in mortgage and consumer finance (cash loans) with a full offer dedicated to individual clients. Euro Bank is part of Societe Generale, a leading European
universal bank.

EBRD Finance Summary

PLN 125,000,000.00

Total Project Cost

PLN 125,000,000.00

Environmental and Social Summary

Categorised FI. Euro Bank will be required to comply with EBRD's Performance Requirements 2, 4 & 9, adopt and implement the EBRD's ES Risk Management Procedures and submit Annual Environmental and Social Reports to the Bank.

Technical Cooperation

The facility will be supported by a donor-funded Technical Cooperation (TC) package of up to EUR 2.5 million provided by a Project Consultant under the Poland-REFF framework. The initial amount of EUR 1 million TC is provided by the EBRD Shareholders Special Fund. Euro Bank is expected to contribute in-kind in parallel up to EUR 25,000 or up to 20% of the relevant TC resources (e.g. capacity building, marketing) and up to EUR 15,000 (monitoring/administration).

Company Contact Information

Marcin Karlowicz
+48 71 795 58 96
Page 3
Wroclaw 50-126, 72 Sw. Mikolaja Street

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