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.
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.
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).
EUR 70 million senior loan.
EUR 70 million.
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.
For business opportunities or procurement, contact the client company:
Europejski Fundusz Leasingowy SA
Pl. Orlat Lwowskich 1
53-605 Wroclaw, Poland
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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