RAIFFEISEN BANK POLSKA S.A.

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 27284

Status Complete

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 27284

Status Complete

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

09 Apr 2002

Disclosure date

18 Mar 2002

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

Proposed provision of a €20 million subordinated loan to Raiffeisenbank Polska S.A. (RZBP). The loan would contribute to the bank’s capitalisation and support its strategy of becoming a major player in the retail and SME sectors in Poland. The subordinated loan will qualify as Tier 2 capital of RZBP thus supporting its expansion strategy, including product development, in the retail and SME sector in Poland.

Transition Impact

The main rationale for the EBRD’s involvement is to support RZBP in its efforts to become a major player in the retail and SME sector. RZBP’s strategy will ultimately benefit local individuals and SME entrepreneurs with better quality services at more competitive prices.

The Client

RZBP was founded in 1991 and initially specialised in providing banking services to multinationals and large local corporates. In order to meet new market challenges, starting in 2000, the bank has been refocusing on retail and SMEs sectors. As of December 2001 (unaudited figures), RZBP reported total assets in excess of €1.6 billion and total capital of €137 million.

EBRD Finance

€20 million subordinated loan.

Project Cost

€20 million subordinated loan.

Environmental Impact

RZBP will carry out its operations in accordance with EBRD's Environmental Procedures for Local Banks. In implementing these procedures, RZBP will require its borrowers to comply, at a minimum, with national /local health, safety, environmental and public consultation requirements.

Technical Cooperation

None.

Company Contact

Transition impact

ETI Score:40

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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