GEFF - Poland - SocGen Leasing (EBRD-51020)

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.
Voting Date
Jun 19, 2019
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
SG Equipment Leasing Polska 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)
$ 112.07 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 100
Converted using 2019-05-15 exchange rate.
Project Cost (USD)
$ 112.07 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 100
Converted using 2019-05-15 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jun 8, 2019

Disclosed by Bank May 15, 2019


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Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the Bank's website, this project provides financing to SG Equipment Leasing Polska to finance small and medum-sized enterprises to lease equipment in order to undertake renewable energy, water and waste management sub-projects as part of a transition to a green economy. 

Sub-projects will be selected according to technical, financial and environmental eligibility criteria. 

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

SG Equipment Leasing Polska Sp. z o.o. is part of Societe Generale Group and is a leasing company in Poland for equipment finance. The company provides leasing finance for assets including agricultural equipment, light and heavy vehicles, and construction machinery.

Contact Information

Joanna Budnicka-Bogdan
Joanna.Budnicka@sgef.pl
+48 225284678
+48 225284611
https://www.sgef.pl/
SG Equipment Leasing Polska Sp. z o.o., Marszalkowska 111, 00-102 Warsaw, Poland

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.