Polish Leasing WBK Finanse and Leasing

Location:

Poland

Project number:

40376

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

06 May 2009

Status:

Completed

PSD disclosed:

30 Apr 2009

Project Description

The EBRD is considering to provide loans of EUR 25 million each to BZ WBK Leasing and BZ WBK Finanse&Leasing (jointly BZ WBK Leasing Companies). The funds will enable the companies to further expand their lease portfolio to micro, small and medium sized enterprises (MSMEs) in Poland, located predominantly outside large cities.

Transition Impact

The EBRD facility will increase the availability of external funds to the leasing industry at the time when inter-bank lending is restricted. In particular the facility will enable a further expansion of MSME leasing.

The Client

BZ WBK leasing operations constitute the 6th largest leasing business in Poland. The companies focus on serving MSMEs in Poland.
The companies are controlled by BZ WBK Bank, the 5th largest bank in Poland. The total leasing portfolio of the companies was approximately PLN 3 billion (EUR 0.7 billion) as of YE 2008.

EBRD Finance

EUR 25 million senior loan for each of WBKL and WBKF&L.

Project Cost

EUR 50 million.

Environmental Impact

BZ WBK companies have implemented environmental requirements in the context of previous EBRD loans and have been providing annual reports to the Bank. These reports have been satisfactory to the Bank. The companies will be required to comply with PRs 2 and 9 adhere to the requirements of the Bank's Environmental and Social Exclusion and Referral Lists and provide the Bank with an annual report on environmental and social matters.

Technical Cooperation

None.

Company Contact

Robert Pomocki, Head of Finance Bureau
E-mail: Robert.Pomocki@bzwbk.pl
Tel. +48 61 850 35 36

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

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Text of the PIP

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Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.