Translated version of this PSD: Polish
Equity investment of PLN 430 million (ca. EUR 100 million) corresponding to a ca. 4.5% stake in Bank BGZ BNP Paribas SA ("BGZ BNPP") in Poland (the "Project").
The Project is conducted in the context of the completion of BGZ BNPP's acquisition of the core assets of Raiffeisen Bank Polska S.A. (the "RBPL Core Business") as announced by BGZ BNPP on 10 April 2018 and also aims to support the plans of BNP Paribas SA ("BNPP"), the controlling shareholder of BGi BNPP, to maintain and gradually increase the free float of BGZ BNPP's shares on the Warsaw Stock Exchange in accordance with BNPP's commitment to the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego).
The Project will contribute to the Competitive transition quality by allowing BGZ BNPP to improve its efficiency, market position, and overall competitiveness. It will also contribute to the Resilient transition quality by supporting an orderly change of ownership between two strategic investors (Raiffesien Bank International AG and BNPP), thus supporting the overall resilience of the banking sector in Poland.
BANK BGZ BNP PARIBAS SA
BGZ BNPP is the 6th largest bank in Poland as at YE2017 with market share of 4.1% in terms of total assets (EUR 112.6 billion, 6.3% market share after the acquisition of the RBPL Core). BGZ BNPP is listed on the WSE. After the deal for the acquisition of RBPL Core, BGZ BNPP is 88.8% owned by BNPP (directly and indirectly).
EBRD Finance Summary
PLN 430 million (ca. EUR 100 million) corresponding to ca. 4.5% shareholding in BGZ BNPP.
Total Project Cost
The cost of the acquisition of RBPL Core, announced on 10 April 2018, was PLN 3,250 million.
Environmental and Social Summary
Categorised FI (2014 ESP). BGZ BNPP is satisfactorily implementing the EBRD E&S Requirements under existing exposure. BGZ BNPP will be required to continue to comply with the EBRD's Performance Requirements 2, 4 and 9, implement the EBRD's E&S Risk Management Procedures for Corporate and SME loans. BGZ BNPP will be required to submit annual environmental and social reports to EBRD.
Company Contact Information
+48 22 56 21 750
Bank BGZ BNP Paribas S.A. ul. Kasprzaka 10/16 01-211 Warsaw Poland
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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
Independent Project Accountability Mechanism (IPAM)
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 Independent Project Accountability Mechanism (IPAM).
IPAM 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 the Independent Project Accountability Mechanism webpage to find out how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.