Provision of a EUR 50 million equivalent senior loan to "PEKAO LEASING" Sp. z o.o. under the Financial Intermediaries Framework as a part of a EUR 100 million equivalent senior loan package.
The proceeds of the loan will be used to provide financing to micro, small and medium-sized enterprises (MSMEs) in Poland.
ETI score: 60
The transition impact is expected to derive from providing external financing in a distorted market environment due to the impact of the coronavirus epidemic and improving the access to leasing services for MSMEs, which will strengthen their competitiveness.
PEKAO LEASING SP ZOO
"PEKAO LEASING" Sp. z o.o. is part of the Bank Pekao Group and one of the largest leasing companies in Poland with €1.8 billion in assets and €124 million in equity as of 31 December 2019. It specialises in the financing of machinery, equipment and vehicles.
EBRD Finance Summary
Total Project Cost
Additionality of the project stems from the financing structure: The EBRD offers a local currency financing option with a grace period and tenor above what is available in the market. The facility also contributes to the diversification of the funding of "PEKAO LEASING" Sp. z o.o and supports "PEKAO LEASING" Sp. z o. in acquiring external financing in a distorted market environment.
Environmental and Social Summary
Categorised FI (ESP 2014). PEKAO LEASING will be required 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.
Technical Cooperation and Grant Financing
Company Contact Information
+48 (22) 54 82 235
53/57 Grzybowska Street 00-950 Warsaw, Poland
PSD last updated
22 Apr 2020
Further information regarding the EBRD’s approach to measuring transition impact is available here.
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Independent Project Accountability Mechanism (IPAM)
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