Locked content BGK buys 14% stake in Marguerite I from PKO BP

BGK, the state development bank, bought a stake in the pan-European fund Marguerite I from PKO BP on Friday. The fund (2020 European Fund for Energy, Climate Change and Infrastructure) has been financing major infrastructure projects. It’s the first financing model in the EU history for projec...

Locked content BGK preliminary net profit for 2017 grows to PLN 518 million

Poland’s state-owned lender BGK preliminary net profit for 2017  grew to  PLN 518 million from PLN 349 million a year ago. Over the next years the bank plans to keep its net profit in a similar range to that recorded in 2016-2017, BGK CEO Beata Daszyńska-Mazurek said. Intensifying cooperation with c...

BGK grants PLN 46.18 bln ‘de minimis’ guarantees

Poland’s state-owned lender BGK has granted PLN 46.186 billion in guarantees for loans worth some PLN 82.22 billion issued to SMEs as of end-February under the state program of ‘de minimis’ credit guarantees, the bank said.

Locked content PGNiG, BGK to boost Stalowa Wola with PLN 450 mln each

WSE-listed, state-owned gas giant PGNiG and state-run lender BGK will grant the Tauron’s Stalowa Wola gas-fueled power block with PLN 450 million in financing each. Of that amount, PLN 600 million will be granted for refinancing debt, while PLN 300 million will be used to boost capex. The financing ...

Locked content BGK to finance €80 mln Rafako’s Indonesian project

State-owned Bank Gospodarstwa Krajowego will loan €80.8 million to Indonesian company PT Perusahaan Listrik Negara (Persero). The credit will be used to finance the construction of a power plant on the Indonesian island of Lombok which will be built by WSE-listed builder Rafako. The contract include...

Locked content BGK grants PLN 44.82 bln ‘de minimis’ guarantees

Poland’s state-owned lender BGK has granted PLN 44.828 billion in guarantees for loans worth some PLN 79.77 billion issued to SMEs as of end-December under the state program of ‘de minimis’ credit guarantees, the bank said. As many as 132,248 SMEs took loans under the program. Firm...

Locked content BGK grants PLN 43.17 bln ‘de minimis’ guarantees

Poland’s state-owned lender BGK has granted PLN 43.17 billion in guarantees for loans worth some PLN 76.7 billion issued to SMEs as of end-October under the state program of ‘de minimis’ credit guarantees, the bank said. As many as 130,620 SMEs took loans under the program. Firms c...

Locked content Poland to extend the de minimis credit guarantee program

The Ministry of Finance wants to extend the de minimis credit-guarantee program until mid-2018. “The extension of the de minimis guarantee offer until 30 June 2018 will continue to make it easier for SMEs to get access to debt financing which in return will boost the economy,” the ministry said. The...

Locked content Vistal Group creditors terminate loans, credit lines

WSE-listed steel construction producer Vistal had his credit lines terminated by several lenders, including state-owned BGK. On the day of the termination, Vistal has PLN 8.4 million in outstanding debt. Moreover, BGK suspended the company’s credit line. BGK joins other banks, including ING Bank Ślą...