GEFF - Poland - Santander Leasing II

Location:

Poland

Project number:

51236

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

30 Oct 2019

Status:

Disbursing

PSD disclosed:

10 Sep 2019

Translated version of this PSD: Polish

Project Description

Provision of a senior loan to Santander Leasing S.A. under the Poland GEFF Leasing Framework.

The proceeds will be used to provide financing in form of sub-loans or leases.

Project Objectives

The proceeds of the loan will be used to provide financing to micro, small and medium-sized enterprises ("MSMEs") in Poland for energy and resource efficiency, renewable energy, water and waste management sub-projects, through private businesses, that stimulate green economy transition. 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. This is expected to contribute to the market expansion and transfer of skills in Poland.

Client Information

SANTANDER LEASING SA

Santander Leasing S.A. is part of Santander Bank Polska Group and is the 5th largest leasing company in Poland with €2.2 billion in assets and €133 million in equity at 31 December 2018.

Santander Leasing specializes in the financing of machinery, equipment and vehicles.

EBRD Finance Summary

EUR 80,000,000.00

Total Project Cost

EUR 80,000,000.00

Environmental and Social Summary

Categorised FI (ESP 2014). SL will be required to continue to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement the EBRD's E&S Procedures for Leasing Companies and submit Annual Environmental and Social Reports to the EBRD on E&S matters and on the implementation of the Performance Requirements. All projects under the Green Economy Financing Facility (GEFF) will be required to comply with the national environment, health and safety and labour regulations and standards as well as the Environmental and Social eligibility criteria for Renewable Energy and Energy Efficiency sub-projects.

Technical Cooperation

None.

Company Contact Information

Przemyslaw Mocek
przemyslaw.mocek@santanderleasing.pl
+48 (61) 850 3536
https://santanderleasing.pl/
Santander Leasing S.A., Kolorowa 8, 60-198 Poznan, Poland

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

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