EIB with €5 bln loans to Poland last year

In 2017, the European Investment Bank loaned PLN 5.04 billion to Polish companies, which is a 13 percent y/y. On top of that, the European Investment Fund spent €358.2 million in equity investments and guarantees. Poland the fifth-largest recipient of EIB financing, after Italy, Spain, France, and Germany. “2017 was an excellent year for the EIB in Poland, with high lending volume and a well-diversified loan portfolio. The European Union bank has continued to finance not only large infrastructure projects, namely rail, and roads, but also high value-added projects in RDI and smart development such as the Kraków Intelligent and Sustainable Development project. We also supported a wide number of Polish municipalities’ modernization plans, contributing to cohesion goals and better living standards across the country. Also of note is our financing of large corporates' investment plans and our provision of affordable funds to SMEs to spur their growth,” Vazil Hudák, Vice-President of EIB said. Half of the loans (€2.65 billion) was granted to projects for modernization of the public sector, €1.54 billion went to banks and leasing companies, which in turn provided loans to SMEs, some €850 million was loaned to corporates and energy groups. Since 1990, when EIB started operations in Poland, some 420 projects were financed worth €65 billion.