Its status as a universal bank is based on its leading position in private banking, asset management and brokerage activities. As the leading corporate bank in Poland, it serves every second corporation in the country.
With second largest network of branches, Bank Pekao serves over 5.9 million customers. In 2021, the EIB Group provided EUR 6.5 billion in financing for projects in Poland.īank Pekao S.A., established in 1929, is one of the largest financial institutions in Central and Eastern Europe and the second largest universal bank in Poland with over PLN 240 billion in assets. The European Investment Bank (EIB) finances projects in four priority areas – infrastructure, innovation, climate and environment, and small and medium-sized companies (SMEs). Based on the growth in industrial production and the increase in financing provided to customers of Pekao Leasing in recent quarters, we are sure that the funds will quickly reach Polish entrepreneurs, especially those planning investments to reduce emissions and the energy consumption of production", stresses Szymon Kamiński, President of Pekao Leasing. Pekao Leasing focuses on financing investments in SME segments (in an EU perspective), especially on the financing of machinery and equipment. This is already our eighth financing agreement with the EIB. " Pekao Leasing has a very positive experience of cooperating with international financial institutions. This fits perfectly with the ESG strategy pursued by the Pekao Group", he adds. " Importantly, a crucial element of the signed agreement is the allocation of a significant part of the funds to financing energy efficiency improvements. This is a great support for business people, but also a signal that we remember about them and create products they expect", says Leszek Skiba, President of the Board of Bank Pekao S.A.
That is why we are happy that thanks to the new agreement between Pekao Leasing and the EIB, backed by a guarantee from our bank, we will once again be able to offer SMEs favourable financing conditions. " This long-standing cooperation with the European Investment Bank is important for the Pekao Bank Group, as it allows the financing of investments for the development or modernisation of companies through leasing. The new operation is a continuation and development of a long-standing relationship between the EIB and Pekao Bank Group. Teresa Czerwińska, Vice President of the European Investment Bank.Ĭooperation between EIB and Pekao Leasing dates back to 2005 and the value of the loan agreements concluded so far has exceeded EUR 700 million. It is also important to note that 40% of the financing will be used for purposes such as climate action, promoting gender equality and developing women's entrepreneurship", says prof.
We are glad that we can support these sectors through such an experienced partner as Bank Pekao S.A. It is therefore very important to expand the financing offer in these segments. "SMEs, mid-caps and public sector are the entities most affected by the Covid-19 pandemic. Another 20% of the financing will go to supporting measures that promote gender equality and the development of women's entrepreneurship. Such investments will help to reduce Poland’s greenhouse gas emissions and will contribute to achieving the target set in its National Energy and Climate Plan to 2040. The total cost of a single undertaking should not exceed EUR 25 million and the support from the EIB may be up to 100% of investment costs, but not more than EUR 12.5 million.Īt least 20% of the loan will go to investments supporting Climate Action and Environmental Sustainability, including the purchase of low-emission vehicles. The financing offered by Pekao Leasing in cooperation with EIB may be used for investment in tangible and intangible assets, such as research and development expenditure.
The security for the financing and a condition for its release is a guarantee agreement signed today between the EIB and Bank Pekao S.A. The agreement concerns a loan of EUR 132 million to finance SMEs, mid-caps employing up to 3,000 people and public sector entities in Poland. This is the eighth loan agreement signed by the EIB and Pekao Leasing, a leasing company from Bank Pekao S.A. European Investment Bank (EIB) provides a loan of EUR 132 million to Pekao Leasing to finance SMEs, mid-caps and public sector entities, under a guarantee from Bank Pekao S.A.
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