BGK sto provide PLN 1.4 bln in guarantees for innovative SMEs

State-owned lender BGK signed deals with 10 banks on providing PLN 1.4 billion in guarantees for innovative SMEs, BGK said in a market filing. Some PLN 525 million of the amount will come from the EU funds. Guarantees may cover up to 80 percent of the credit capital with the maximum value set at €2.5 million. Banks include Alior, Millennium, BOŚ, Pekao, PKO BP, Raiffeisen Bank Polska and others.