BANK OCHRONY SRODOWISKA CLIMATE ACTION MBIL (EIB-20160958)

Countries
  • Poland
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 16, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
BANK OCHRONY SRODOWISKA SA
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 83.89 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 75 million
Converted using 2017-06-16 exchange rate.
Loan Amount (USD)
$ 83.89 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 75 million
Converted using 2017-06-16 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Mar 20, 2018

Disclosed by Bank Mar 8, 2017


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Project Description

According to EIB website, this project involves a multi-beneficiary intermediated loan to fund the lending activity of Bank Ochrony Srodowiska S.A. to small and medium-sized enterprises (SMEs), mid-caps and public sector entities in Poland, with a dedicated climate action window. The project aims to provide financing intermediated by Bank Ochrony Srodowiska S.A. for small and medium-scale projects carried out by SMEs, mid-caps and public sector entities with a dedicated window for activities related to climate action.

It will require the intermediary institution to take all requisite measures to ensure that the environmental and procurement procedures carried out by the final beneficiaries for the sub-projects that the Bank finances comply with relevant EU legislation and applicable national legislation, provided that it is in conformity with EU rules.

Investment Description
  • European Investment Bank (EIB)
Contact Information

*No contact information provided at the time of disclosure.* 

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