FIF - Santander Factoring Poland (EBRD-50467)

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
Proposed
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.
Borrower
Santander Factoring Sp. z o.o.
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)
$ 53.80 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 PLN 200
Converted using 2018-10-11 exchange rate.
Loan Amount (USD)
$ 53.80 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 @ EBRD website

Updated in EWS Mar 13, 2019

Disclosed by Bank Oct 11, 2018


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Project Description

According to EBRD website, the project aims to provide financing to micro, small and medium-sized enterprises  in Poland through the provision of senior loan to Santander Factoring Sp. z o.o.

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

Santander Factoring Sp. z o.o. is a subsidiary of Santander Bank Polska S.A. and is the 2nd largest factoring company in Poland with €985 million in assets and €17 million in equity at 31 December 2017. The range of products and services offered by the Company includes recourse and non - recourse factoring, domestic and foreign reverse factoring, bill of exchange discounting and confirming.

Contact Information

Project Contact: Grzegorz Kedzior
Santander Factoring Sp Z o o
Telephone No.: +48 660 440 105
Email Address: grzegorz.kedzior@santander.pl

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.