Polseff Leasing

Location:

Poland

Project number:

46432

Business sector:

Leasing Finance

Notice type:

Private

Environmental category:

FI

Target board date:

09 Jul 2014

Status:

Board Approved

PSD disclosed:

05 Jun 2014

Sub-projects signed under this framework

Translated version of this PSD: Polish

Project Description

A EUR 250 million facility to provide senior loans in EUR or PLN, to be allocated in the course of two years under the Polish Sustainable Energy Financing Facility for Leasing (Polseff Leasing), to participating financial institutions (PFIs) in Poland for the provision of financing to Polish small and medium-sized enterprises (SMEs).

At least 70% of the framework’s proceeds will be used for financing sustainable energy projects based on the pre-approved 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 (sub-projects).

Transition Impact

The transition impact is derived from:

  • Demonstration of new products: The framework will help demonstrate the financial viability and attractiveness of unsubsidised sustainable energy financing through leasing companies. This will be the first intermediated sustainable energy financing framework on the Polish market without grants and based on commercial financing terms. Furthermore, the Framework will also continue to demonstrate the benefits of best available technologies across the Polish SME sub-sectors.
  • Market expansion: By providing access to finance to SMEs for modern energy efficiency equipment, the framework will expand the market for the best available technologies, increasing penetration rates.
  • Skills transfer: The Framework will increase the awareness of PFIs and their clients of the benefits of energy efficiency.

The Client

PFIs

EBRD Finance

Up to EUR 250 million.

Project Cost

Up to EUR 250 million.

Environmental Impact

Categorised FI. The PFIs under the framework will be required to comply with EBRD’s Environmental Performance Requirements (“PRs”) 2 and 9, implement the EBRD’s E & S Procedures for Leasing, and submit annual environmental and social reports to the Bank. Borrowers under the facility will be required to comply with applicable national environmental, health and safety and labour requirements.

Technical Cooperation

None.

 

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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Email: projectenquiries@ebrd.com

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Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

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.