RLPL SL (IFC-37365)

Countries
  • Poland
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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
Dec 15, 2015
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
RAIFFEISEN-LEASING POLSKA 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)
$ 75.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 25, 2017

Disclosed by Bank Nov 16, 2015


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Project Description
This project finances a senior loan to Raiffeisen-Leasing Polska S.A. to be used to lease products to micro, small, and medium-sized enterprises in rural areas of Poland in order to increase financial inclusion and reduce disparities between Poland's regions.
Investment Description
  • International Finance Corporation (IFC)
The proposed project supports Raiffeisen-Leasing Polska S.A. (RLPL) with a senior loan which will be entirely earmarked for micro, small, and medium-sized enterprises in less developed regions in Poland. RLPL was established in 1998 as a joint venture between Raiffeisen Bank Polska S.A.(RBPL) and Raiffeisen Leasing International. Since 2014, RLPL is 100%-owned by RBPL, which is itself 100%-owned by Raiffeisen Bank International AG, which manages the development of the Raiffeisen Banking Group network.
Contact Information
Raiffeisen-Leasing Polska S.A. ul. Prosta 51 00-838 Warsaw Poland Tel: +48 22 260 36 66 Attention: Michal Kowalczyk, Structured Finance Senior Specialist ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/