In early September, EFL signed another loan agreement with the European Investment Bank (EIB). The lessor received a loan of €100 million under the anti-vid scheme introduced by the EIB this year: EFL COVID19 CRISIS RESPONSE FOR SME & MIDCAP PL. The funds are to be allocated to financing investments of micro, small and medium enterprises.

EFL has been cooperating with the EIB since 2007. In total, 12 financing agreements were signed with a total value of €1.08 billion.

“Signing the contract under the anti-visa assistance program confirms not only the stable position of the EFL, but also a proof of the trust and reputation we have developed as part of our long-term cooperation. We are one of the first financial institutions in Poland to receive so much support from the EIB under the new program. The funds obtained will be used to finance investments by Polish companies, in this difficult and demanding time for the development of Polish entrepreneurship,” Radosław Woźniak, President of the EFL Management Board, said

“The EIB is delighted to rejoin the EFL in supporting Polish small and medium-sized businesses. As the COVID-19 pandemic continues to burden the economy, we have to adapt our set of financial instruments to the new realities in order to quickly and effectively reach the companies that need us most. Leasing is an important tool for young companies that have to acquire new means of production or invest in modernizing their companies,” prof. Teresa Czerwińska, Vice President of the EIB, added.

(WBJ)