FIF - Santander Factoring Poland

Location:

Poland

Project number:

50467

Business sector:

Non-depository Credit (non bank)

Notice type:

Private

Environmental category:

FI

Target board date:

30 Jan 2019

Status:

Disbursing

PSD disclosed:

11 Oct 2018

Translated version of this PSD: Polish

Project Description

Provision of a senior loan of up to PLN 200 million to Santander Factoring Sp. z o.o. ("The Company") under the Financial Intermediaries Framework ("Framework").

Project Objectives

Santander Factoring Sp. z o.o. will use the proceeds of the loan to provide financing to micro, small and medium-sized enterprises ("MSMEs") in Poland.

Transition Impact

Transition impact is expected to derive from improving the access to factoring services for micro and small and medium businesses operating in the regions, which will strengthen their competitiveness.

By ensuring that adequate underwriting and risk management practices are in place, the transaction will encourage sustainable factoring practices, supporting the resilience of the financial system.

Client Information

SANTANDER FACTORING SP ZOO

Santander Factoring Sp. z o.o. is a subsidiary of Santander Bank Polska S.A. and is the 2nd largest factoring company in Poland with €985 million in assets and €17 million in equity at 31 December 2017. The range of products and services offered by the Company includes recourse and non - recourse factoring, domestic and foreign reverse factoring, bill of exchange discounting and confirming.

EBRD Finance Summary

PLN 200,000,000.00

Senior revolving loan of up to PLN 200 million with a maturity of 4 years available in PLN or EUR.

Total Project Cost

PLN 200,000,000.00

Environmental and Social Summary

Categorised FI. The Company will be required to comply with the EBRD's performance requirements 2, 4 and 9 and implement the EBRD's environmental and social procedures for factoring which includes adherence to the EBRD's environmental and social exclusion list. The Company will submit annual environmental and social reports to the Bank.

Technical Cooperation

None.

Company Contact Information

Santander Factoring Sp Z o o

Grzegorz Kędzior
+48 660 440 105
grzegorz.kedzior@santander.pl
 

 

Business opportunities

For business opportunities or procurement, contact the client company.

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