Europejski Fundusz Leasingowy (EFL)

Location:

Poland

Project number:

40382

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Approval date:

06 May 2009

Status:

Complete

PSD disclosed:

20 Apr 2009

Project Description

The EBRD is considering to provide a loan of EUR 70 million to Europejski Fundusz Leasingowy (EFL) to enable EFL to expand its lease portfolio to micro, small and medium-sized enterprises (MSMEs) in Poland.

Transition Impact

The loan will support the development of MSMEs across the country. The companies require leasing financing, however financial resources available to support leasing activity to this segment remain constrained due to limited external funding.

The EBRD facility will increase the availability of external funds to the leasing industry. This will significantly support the development of the sector within the Polish economy through the provision of much-needed finance.

The Client

EFL is Poland's largest equipment and vehicles leasing company, serving MSMEs in Poland. The company is 99.9% owned by the French banking group Credit Agricole. In 2008 EFL recorded new business volume of PLN 3.7 billion (EUR 0.9 billion).

EBRD Finance

EUR 70 million senior loan.

Project Cost

EUR 70 million.

Environmental Impact

EFL has implemented environmental requirements in context of two previous EBRD loans and has been providing annual reports to the Bank. These reports have been satisfactory to the Bank. EFL is required to comply with PRs 2 and 9, adhere to the requirements of the Bank's Environmental Exclusion and Referral List and provide the Bank with an annual report on environmental and social matters.

Technical Cooperation

None.

Company Contact

For business opportunities or procurement, contact the client company:

Europejski Fundusz Leasingowy SA
Pl. Orlat Lwowskich 1
53-605 Wroclaw, 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

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

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