GEFF - Poland - SocGen Leasing

Location:

Poland

Project number:

51020

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

19 Jun 2019

Status:

Board Approved

PSD disclosed:

15 May 2019

Translated version of this PSD: Polish

Project Description

Provision of a senior loan of EUR 100 million (available in PLN or EUR) to SG Equipment Leasing Polska Sp. z o.o. (the "Project") under the PolGEFF Leasing Framework (the "Framework"). The proceeds will be used to provide leasing finance to small and medium-sized enterprises ("SMEs") in Poland.

Project Objectives

The proceeds of the loan will be used to finance energy and resource efficiency, renewable energy, water and waste management sub-projects, through private businesses, that stimulate green economy transition (i.e. GET investments), under the PolGEFF Leasing Framework. The eligible sub-projects will cover a broad spectrum of technologies and will be selected according to technical, financial and environmental eligibility criteria.

Transition Impact

The main sources of transition impact will stem from the demonstration of commercial viability of resource and energy efficiency investments to private businesses and the financial sector. This is expected to contribute to the market expansion and transfer of skills in Poland.

Client Information

SOCIETE GENERALE EQUIPMENT LEASING POLSKA SP ZOO

SG Equipment Leasing Polska Sp. z o.o. is part of Societe Generale Group and is a leading leasing company in Poland for equipment finance. The company provides leasing finance for a wide range of assets including agricultural equipment, light and heavy vehicles, and construction machinery.

EBRD Finance Summary

EUR 100,000,000.00

€100 million

Total Project Cost

EUR 100,000,000.00

€100 million

Environmental and Social Summary

Categorised FI (ESP 2014). SGEL will be required to continue to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement the EBRD's E&S Procedures for Leasing Companies and submit Annual Environmental and Social Reports to the EBRD on E&S matters and on the implementation of the Performance Requirements. All projects under the Green Economy Financing Facility (GEFF) will be required to comply with the national environment, health and safety and labour regulations and standards as well as the Environmental and Social eligibility criteria for Renewable Energy and Energy Efficiency sub-projects.

Technical Cooperation

None.

Company Contact Information

Joanna Budnicka-Bogdan
Joanna.Budnicka@sgef.pl
+48 225284678
+48 225284611
https://www.sgef.pl/
SG Equipment Leasing Polska Sp. z o.o., Marszalkowska 111, 00-102 Warsaw, Poland

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