RAIFFEISEN BANK POLSKA S.A.

Location:

Poland

Project number:

27284

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Approval date:

09 Apr 2002

Status:

Complete

PSD disclosed:

18 Mar 2002

Project Description

Proposed provision of a €20 million subordinated loan to Raiffeisenbank Polska S.A. (RZBP). The loan would contribute to the bank’s capitalisation and support its strategy of becoming a major player in the retail and SME sectors in Poland. The subordinated loan will qualify as Tier 2 capital of RZBP thus supporting its expansion strategy, including product development, in the retail and SME sector in Poland.

Transition Impact

The main rationale for the EBRD’s involvement is to support RZBP in its efforts to become a major player in the retail and SME sector. RZBP’s strategy will ultimately benefit local individuals and SME entrepreneurs with better quality services at more competitive prices.

The Client

RZBP was founded in 1991 and initially specialised in providing banking services to multinationals and large local corporates. In order to meet new market challenges, starting in 2000, the bank has been refocusing on retail and SMEs sectors. As of December 2001 (unaudited figures), RZBP reported total assets in excess of €1.6 billion and total capital of €137 million.

EBRD Finance

€20 million subordinated loan.

Project Cost

€20 million subordinated loan.

Environmental Impact

RZBP will carry out its operations in accordance with EBRD's Environmental Procedures for Local Banks. In implementing these procedures, RZBP will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.

Technical Cooperation

None.

Company Contact

 

Business opportunities

For business opportunities or procurement, contact the client company.

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