BNP Paribas receives loan for SME sustainable energy projects

French-owned bank BNP Paribas Bank Polska has been awarded a loan by the European Bank for Reconstruction and Development in the amount of € 50 million (PLN 208 million at current NBP exchange rate). The funds transferred to BNP Paribas are earmarked for small and medium-sized investment projects in the "Polish SME Sustainable Energy Financing Facility II" (PolSEFF II) program, as reported in a PAP release. Signed on June 24, the loan’s term is five years and will be repaid till 2019, with a floating interest based on EURIBOR 3M increased by the margin. The loan exceeds 10 percent of the bank’s equity. BNP Paribas Bank Polska S.A. is listed on the Warsaw Stock Exchange. Its network in Poland includes former Fortis Bank and Dominet locations.