Translated version of this PSD: Polish
The EBRD is considering a PLN 10.7 million follow-on equity investment in Meritum Bank ICB S.A. The investment will be in addition to the original investment, made in the first half of 2011, and will aim to support Meritum Bank’s gradual transformation from a fast-growing market entrant into an established market player in consumer finance and MSE market segments.
The project is in line with EBRD economic transition objective to strengthen Polish financial system. The project will also aim to improve penetration of banking services in the segment of micro and small enterprises, which has been insufficiently catered-for by traditional banking services.
Meritum is a small private bank in Poland, focused on consumer finance and MSME lending. The Company is headquartered is the city of Gdansk and operates through a national network of over 120 branches.
PLN 10.7 million equity investment into newly issued shares of Meritum Bank. The new shares will be issued in connection with a PLN 43.8 million capital increase programme, with pro-rata participation by the other major shareholders of Meritum Bank.
PLN 10.7 million.
Categorised FI: Meritum Bank, an existing client of EBRD, will need to maintain its existing environmental and social procedures and management systems in line with PRs 2 and 9, and continue applying these across its lending portfolio. Monitoring will consist of a review of Annual Environmental Reports prepared by Meritum Bank and submitted to the EBRD for approval.
For business opportunities or procurement, contact the client company.
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Tel: +44 20 7338 7168
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