Translated version of this PSD: Polish
The EBRD is providing a senior loan of up to €50 million to Bank Millennium S.A. under the PolSEFF Leasing Framework (the Framework). Bank Millennium will on-lend the proceeds of the loan to Millennium Leasing, which will provide leasing finance to small and medium-sized enterprises (SMEs) in Poland (the Project).
At least 70% of the proceeds will be used for financing sustainable energy projects based on the preapproved list of eligible materials and equipment, while up to 30% will be used for the acquisition of equipment, light commercial vehicles and trucks and trailers by SMEs.
Demonstration of new products: the Project will help demonstrate the financial viability and attractiveness of sustainable energy financing through leasing companies. This will be the fourth project under the Framework.
Market expansion: By providing access to finance to SMEs for modern energy efficiency equipment, the Project will expand the market for the best available technologies, increasing penetration rates.
Skills transfer: The Project will further increase the awareness of Bank Millennium and its clients of the benefits of energy efficiency.
BANK MILLENNIUM SA Bank Millennium is the 7th largest commercial bank in Poland with a ca. 5% market share by loans
and deposits and is majority-owned by Banco Comercial Português S.A (50.1%). The bank is listed on the Warsaw Stock Exchange since 1992 and focuses on both, the mass and affluent retail market, as well as small and medium-sized corporate clients where it has a strong position in specialised finance, especially leasing and factoring.
Millennium Leasing is the wholly-owned subsidiary of Bank Millennium and is operational since 1991. It is the 7th largest leasing company in Poland with a market share of 6.4% in terms of new business. Financed assets include means of transportation, industrial machinery and equipment, computers as well as industrial and commercial real estate.
EBRD Finance Summary
Senior loan of up to €50 million with a maturity of 5 years and 2 year grace period.
Total Project Cost
Environmental and Social Summary
Categorised FI. Bank Millennium will be required to ensure Millennium Leasing complies with EBRD
Performance Requirements 2, 4 and 9, adopts and implements the EBRD's E&S Procedure for
Leasing. Bank Millennium will continue to submit Annual Environmental and Social Reports to the
EBRD on E&S matters and the implementation of the Performance Requirements.
Company Contact Information
Pawel Rawa, Director Financial Institutions Department
+48 22 598 15 64
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
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Text of the PIP