GEFF - Poland - Millennium Leasing (EBRD-49944)

Countries
  • Poland
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
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
FI
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
Apr 25, 2018
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
MILLENNIUM LEASING SP Z O O
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Energy
  • Finance
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 92.60 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
Converted using 2018-03-21 exchange rate.
Project Cost (USD)
$ 92.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 75
Converted using 2018-03-21 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 28, 2019

Disclosed by Bank Mar 21, 2018


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Project Description

This project provides financing to Millennium Leasing S.A. for on-lending to small and medium-sized enterprises (SMEs) in Poland, to fund energy and resource efficiency, renewable energy, water and waste management sub-projects.

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Private Actors

Millennium Leasing S.A. is part of Bank Millennium S.A. Capital Group and is the 8th largest leasing company in Poland with €72 billion in net asset value financed in 2017. Millennium Leasing specializes in the financing of machinery, equipment and vehicles (light and heavy transport).

Contact Information

Radoslaw Szczesniak
radoslaw.szczesniak@millenniumleasing.pl
+ 48 22 598 2827

ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.