PKO BP to withdraw from Marguerite fund

WSE-listed bank PKO BP plans to withdraw from the Marguerite fund.  “Eight years since the creation of Marguerite I, means from the fund are fully used and new projects will be realized under a new fund Marguerite II. PKO BP, after realizing the assumed strategic goals, plans to withdraw from Marguerite,” the bank said in a market filing. The bank's involvement in the fund amounted to €100 million. Thanks to the program, infrastructural projects worth almost PLN 2 billion were realized in Poland. The Marguerite fund was established by the EU to finance energy projects, especially those concerning fighting climate change.