Locked content EBRD buys 4.5% stake in BGŻ BNP Paribas for PLN 430 mln

The European Bank for Reconstruction and Development (EBRD) acquired a 4.5 percent stake in BGŻ BNP Paribas for PLN 430 million. “The engagement takes place in the context of the completion of BGŻ BNP Paribas’ acquisition of the core assets of Raiffeisen Bank Polska as announced in April 2018. The t...

Locked content EBRD lifts Poland’s GDP growth forecast to 4.7% in 2018

The European Bank for Reconstruction and Development (EBRD) raised the GDP growth forecast for 2018 to 4.7 percent y/y, and for 2019 to 3.6 percent y/y, up by 0.7 and 0.3 percent respectively compared to forecasts from May – the bank reported. “GDP growth could have reached its peak in m...

EBRD to grant Modern-Expo Group $15 mln development loan

The European Bank for Reconstruction and Development (EBRD) will grant Modern-Expo Group a $15 million investment loan for automation and robotization of production in plants in Belarus and Ukraine, as well as support for its innovation center, the company said.

Locked content Cognor with €20 mln loan from EBRD

WSE-listed steel producer Cognor will get a €20 million loan from the European Bank for Reconstruction and Development. The funds will be used to modernize its operations, invest in resource efficient equipment and refinance senior secured notes. The loan is part of a larger €69 million syndicate. “...

Locked content GDP growth at 4% in 2018 – EBRD

Poland’s economic growth will increase to 4 percent in 2018 and then slow down to 3.3 percent in 2019, according to the latest forecast by the European Bank for Reconstruction and Development (EBRD). Compared to the estimates published in November 2017, this year’s GDP growth was increased by 0.6 pe...

Locked content ERBD buys PLN 133 mln worth of PKO BP subordinated bonds

The European Bank for Reconstruction and Development purchased PLN 133 million worth of PKO BP subordinated bonds, from the recent PLN 1 billion issue. “We welcome the successful placement of the PKO BP bond and we are pleased to take part in this transaction. It will help PKO BP to obtain long-term...

Locked content EBRD sets up €350 mln program for Polish green projects

The European Bank for Reconstruction and Development has set up new €350 million framework to finance investments in energy and resource efficiency, renewable energy, water and waste management for local private businesses, the bank announced. The first loan under the scheme, new Polish Green Econom...

Locked content EBRD to adjust its strategy for Poland

The EBRD could invest €650-700 million in Poland this year, the institution’s manager for Poland Grzegorz Zieliński said, adding that while in the future, that amount will not increase significantly, the scope might change.  “It’s hard to say that after 26 years of transformation that Poland r...

Locked content EBRD to Poland – more privatization

The European Bank for Reconstruction and Development’s President Suma Chakrabarti said that Poland should speed up privatization, particularly in the banking and energy sectors. “It’s quite surprising, given Poland’s leadership in the whole transition race, that so much of the economy is still in st...

Locked content EBRD sells 2.9% stake in Azoty

The European Bank for Reconstruction and Development (EBRD) sold 2.85 million shares of chemicals Grupa Azoty, representing 2.9 percent stake in accelerated bookbuilding, the EBRD said in a press statement. After the sale, the lender will have 2.9 percent shares in Grupa Azoty. “The bank, as an acti...