World Bank agency provides Raiffeisen with $75 mln loan

IFC, a member of the World Bank Group, is providing Raiffeisen-Leasing Polska with a $75 million senior loan to boost access to finance for smaller businesses in the country’s less developed regions, supporting growth and promoting shared prosperity. The project will help address the challenge of boosting investment and private sector activity in the country’s underserved eastern regions, while furthering IFC’s goal to support micro, small, and medium enterprises with affordable long-term financing. “Poland is a fast-growing economy, but this growth is concentrated mainly in the central and western regions of the country,” said Tomasz Telma, IFC Director for Europe and Central Asia. “With economic turbulence, declining investment activity, and fiscal consolidation, IFC has an important role in supporting projects to fuel growth by creating more opportunities for small companies in less-developed regions, contributing to sustainable economic growth across Poland.” Raiffeisen-Leasing Polska is part of the Raiffeisen Banking Group, a long-term IFC partner in Central and Eastern Europe, and one of Poland’s leading leasing companies.