Another one Memorandum of Understanding between EIB and BGK - EUR 125 mln loan

The European Investment Bank (EIB) and Bank Gospodarstwa Krajowego (BGK), Poland’s national promotional bank, have signed a Memorandum of Understanding, setting out a framework for collaboration under the European Investment Advisory Hub (EIAH). The loan agreement equals to EUR 125 million and allotted for financing of public and private entities across Poland in the following sectors: industry, tourism, services, infrastructure, energy, environmental protection, health and education. EIB Vice-President announced: "This new partnership reinforces our excellent cooperation, consisting of joint financing of strategic road investments, social housing schemes, support for infrastructure and small businesses in Poland, such as the EUR 125 million loan signed today." The Memorandum of Understanding, signed by EIB Vice-President László Baranyay and BGK President Dariusz Kacprzyk, initiated the cooperation between two institutions under the EIAH. "Supporting local infrastructure and SMEs is one of the main tasks of BGK as the state development bank of Poland. With the signed Memorandum of Understanding, we are making another step in strengthening our partnership under the Juncker Plan," BGK President claimed.