Uncommitted unfunded revolving risk sharing facility with Santander Bank Polska ("SBP") for up to EUR 75 million. Under the facility, EBRD will guarantee up to 65%, but not more than EUR 25 million of SBP's individual corporate exposures.
The facility helps SBP to optimise its capital deployment and contributes to the expansion of SBP's loan portfolio of GET eligible projects.
ETI score: 60
The SBP risk sharing facility contributes to the Green and Resilient transition qualities.
The facility supports the Bank's Green Economy Transition approach in Poland, with SBP deploying 1.5x of the amount risk-shared by the EBRD to finance new lending that meets the Green Economy Transition approach eligibility criteria.
It also strengthens the resilience of a systemic bank in Poland by providing a capital relief instrument enabling SBP to manage its capital more efficiently.
SANTANDER BANK POLSKA SA
Santander Bank Polska S.A. (formerly Bank Zachodni WBK S.A.) is one of Poland's largest banks. It is a subsidiary of Banco Santander and listed on the Warsaw Stock Exchange.
EBRD Finance Summary
Total Project Cost
EBRD offers an innovative structure (individual risk sharing twinned with commercial bank's financing of GET technologies) on commercial terms, which is not offered presently from commercial sources. EBRD is AAA rated institution, which allows SBP to benefit from full capital relief.
Environmental and Social Summary
Categorized FI (2014 ESP). SBP will be required to comply with the EBRD's Performance Requirements 2, 4 and 9, adhere to the EBRD's E&S Risk Management Procedures for Corporate, SME and Micro Loans and submit Annual E&S Reports to the Bank. Loans funding projects associated with high environmental and social risk or carbon intensive activities or assets will not be eligible for risk-sharing by EBRD under this Facility.
Technical Cooperation and Grant Financing
Company Contact Information
Santander Bank Polska al. Jana Pawla II 00-854 Warszawa Poland
PSD last updated
23 Jan 2020
Further information regarding the EBRD’s approach to measuring transition impact is available here.
For business opportunities or procurement, contact the client company.
For business opportunities with EBRD (not related to procurement) contact:
Tel: +44 20 7338 7168
Specific enquiries can be made using the EBRD Enquiries form.
Environmental and Social Policy (ESP)
The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.
More information on the EBRD’s practices in this regard is set out in the ESP.
Integrity and Compliance
The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.
OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to firstname.lastname@example.org. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.
Access to Information Policy (AIP)
The AIP 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 following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.
Specific requests for information can be made using the EBRD Enquiries form.
Project Complaint Mechanism (PCM)
If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g., through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s accountability mechanism.
The accountability mechanism independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.
Please visit our webpage to find out how to submit a complaint through the confidential online form, by email, mail or telephone. We are available to discuss your concerns and answer any questions you may have about the submission or handling of complaints. Complainants’ identities may be kept confidential upon request.