Translated version of this PSD: Polish
Project Description
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).
Project Objectives
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.
Transition Impact
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.
Client Information
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
EUR 50,000,000.00
Senior loan of up to €50 million with a maturity of 5 years and 2 year grace period.
Total Project Cost
EUR 50,000,000.00
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.
Technical Cooperation
None.
Company Contact Information
Pawel Rawa, Director Financial Institutions Department
Pawel.rawa@bankmillennium.pl
+48 22 598 15 64
https://www.bankmillennium.pl/
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
