Depfa Bank's debut

Depfa Bank is targeting loans in the state sector, and according to CEO Gerhard Bruckemann, the company is "interested in financing infrastructural projects, cooperating with local governments and the Finance Ministry."

So far this year Depfa has already invested EUR 1 (zł.3.9) billion in Polish projects. Depfa Bank cooperates with both central and local public authorities. It co-finances projects prepared by municipalities and state-owned companies. "Our potential customers in Poland would be companies such as LOT airlines or PKP, the national railways. We would also be interested in granting loans to public-private partnerships," says Paweł Pilatkowski, head of the Polish office of Depfa Bank.

Originally a German government agency bank, Depfa reorganized itself in 2002, shed its property loan operations and moved its headquarters to Ireland.

The bank's businesses have been consolidated into three groups: budget finance, investment banking, and finance of infrastructure. Its net income in 2004 amounted to Ł382.3 (zł.1,881) million and total financing volume stood at EUR 165 (zł.648) billion in June 2005.

The institution has obtained the approval of the Commission for Banking Supervision and can legally operate in Poland.