5:45 4 September 2025
PKO BP boosts defense financing
PKO BP and Polska Grupa Zbrojeniowa (PGZ) have signed a strategic cooperation deal to channel billions into Poland’s arms industry. The bank will extend credit lines worth several billion zlotys to PGZ and its subsidiaries, supporting both commercial contracts and investments in new production capacities.
The agreement also covers financing supply chains, technology partners, and export projects. “This is not a standard framework agreement—it’s the start of a development and investment platform linking finance and defense,” said PKO BP CEO Szymon Midera at the International Defense Industry Exhibition in Kielce.
PKO BP plans to expand financing limits from PLN 2 billion to PLN 12 billion, backed by PLN 100 million in capital resources. The initiative aligns with Poland’s security policy, which foresees defense spending rising above 4% of GDP and topping PLN 1.2 trillion by 2035.
Source: businessinsider.com.pl
