Credit Agricole Bank Polska Bond Issue

Location:

Poland

Project number:

42972

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

06 Dec 2011

Status:

Complete

PSD disclosed:

25 Oct 2013

Project Description

EBRD will consider participation in bond issues until the end of 2013 under the Medium Term Notes (“MTN”) Programme of Credit Agricole Bank Polska S.A. (“CABP”), subscribing to not more than 30% in each bond issue.

The MTN Programme aims at

(i) diversifying the funding base of CABP

(ii) decreasing CABP’s dependency on parent funding

(iii) strengthening its balance sheet with a longer-tenor funding base matching the tenors of long-term MSME and rural loans and

(iv) providing fixed-rate funding for fixed-rate based assets. The project shall also support CABP’s development into a bank offering rural and SOHO (Small Office/Home Office clients) lending in line with its new strategy.

Transition Impact

The main transition rationale for the EBRD’s involvement is:

  • Demonstration of local capital market development via a local currency MTN Programme
  • Supporting the restructuring of the bank with capital market instruments
  • Market expansion via support of MSME, SOHO and rural lending

The Client

Credit Agricole Bank Polska, a Poland-based bank, has historically focused on consumer lending and is currently evolving into a universal bank. CABP has total assets of PLN 13.8 billion, equity of PLN 1.5 billion and net income for H1/2013 of PLN 107 million. CABP is ranked 16th in terms of asset base, 10th by banking revenues and 11th by net income in Poland by its own account.

EBRD Finance

Not more than 30% of a single bond issue.

Project Cost

PLN 2 billion.

Environmental Impact

Categorised FI. CABP will be required to comply with the EBRD's Performance Requirements 2 and 9 and submit annual environmental and social reports to the EBRD.

Technical Cooperation

None.

Company Contact

Maciej Zatorski, Institutional Clients Relations Director
Tel: +48 22 573 17 15
Email: mzatorski@credit-agricole.pl

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

Share this page: