EIB advances €100m loan to Pekao Leasing for financing SMEs

Region:

Europe

The European Investment Bank has advanced a new €100 million loan to Pekao Leasing for the financing of small and medium-sized enterprises in Poland.

A considerable part of the funds will be used for financing energy efficiency measures and developing sustainable energy initiatives as well as preparing a competitive leasing offer for enterprises owned or managed by women.

The loan to Pekao Leasing, the leasing arm of Bank Pekao Group, is secured by a bank guarantee from Bank Pekao. Beneficiaries can use the loan to finance durable asset investments and tangible assets, for instance R&D expenses. The overall investment cost should not exceed €25 million and EIB support can extend to €12.5 million.

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