Kredyt Bank S.A Capital Increase III

Location:

Poland

Project number:

5754

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

09 Feb 1999

Status:

Complete

PSD disclosed:

16 Apr 1999

Project Description

Further capital increase to support the activities of Kredyt Bank PBI, a private universal bank based in Warsaw.

Project objectives: Capital increase to fund KB-PBI’s continuing expansion and to maintain prudential capital adequacy. The investment will maintain the EBRD’s current shareholding percentage at 9.25 per cent.

Transition Impact

The investment in KB-PBI will contribute to the transition in Poland in three principal ways: (1) by supporting a key private bank in the sector through a rapid expansion; (2) by providing funding for lending to Polish enterprises, principally small and medium-sized enterprises (SMEs); and (3) by contributing towards the consolidation of the Polish banking sector.

The Client

Kredyt Bank PBI S.A. (KB-PBI) is a full-service universal bank, with headquarters in Warsaw. It is the ninth-largest bank in Poland by assets with an extensive nationwide branch network. Its core business includes provision of loans and guarantees, treasury and foreign exchange services, deposit and term account maintenance, and payment transfers for the corporate and retail private sector.

EBRD Finance

Equity investment of PLN 36.7 million (EUR 8.6 million)

Project Cost

PLN 374 million (EUR 88 million)

Environmental Impact

KB-PBI will carry out its operations in accordance with the EBRD's Environmental Procedures for Local Banks. In implementing these procedures, KB-PBI will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.

Technical Cooperation

None

 

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

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.

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