mBank supports Atal with PLN 20 mln loan

Real estate developer Atal has obtained a loan of PLN 20 million from commercial lender mBank, the company informed in a statement. The developer intends to use the funds to finance its Atal Malta estate in Poznań, which will comprise about 130-140 apartments. The loan must be repaid by September 28, 2019. Atal specializes in the implementation of residential, multi-family buildings and single-family houses, located within the largest cities in Poland. The company has been listed on the WSE since June 2015. mBanks is a unit of German Commerzbank, one of the leading commercial banks in Poland. The bank has been listed on the Warsaw Stock Exchange since 1992.