Equity Investment in Bank BGZ BNP Paribas

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 50008

Status Disbursing

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 50008

Status Disbursing

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

31 Oct 2018

Disclosure date

06 Nov 2018

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."

Translated version of this PSD: Polish

Project Description

Equity investment of PLN 430 million (ca. EUR 100 million) corresponding to a ca. 4.5% stake in Bank BGZ BNP Paribas SA ("BGZ BNPP") in Poland (the "Project").

Project Objectives

The Project is conducted in the context of the completion of BGZ BNPP's acquisition of the core assets of Raiffeisen Bank Polska S.A. (the "RBPL Core Business") as announced by BGZ BNPP on 10 April 2018 and also aims to support the plans of BNP Paribas SA ("BNPP"), the controlling shareholder of BGi BNPP, to maintain and gradually increase the free float of BGZ BNPP's shares on the Warsaw Stock Exchange in accordance with BNPP's commitment to the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego).

Transition Impact

The Project will contribute to the Competitive transition quality by allowing BGZ BNPP to improve its efficiency, market position, and overall competitiveness. It will also contribute to the Resilient transition quality by supporting an orderly change of ownership between two strategic investors (Raiffesien Bank International AG and BNPP), thus supporting the overall resilience of the banking sector in Poland.

Client Information

BANK BGZ BNP PARIBAS SA

BGZ BNPP is the 6th largest bank in Poland as at YE2017 with market share of 4.1% in terms of total assets (EUR 112.6 billion, 6.3% market share after the acquisition of the RBPL Core). BGZ BNPP is listed on the WSE. After the deal for the acquisition of RBPL Core, BGZ BNPP is 88.8% owned by BNPP (directly and indirectly).

EBRD Finance Summary

PLN 430,000,000.00

PLN 430 million (ca. EUR 100 million) corresponding to ca. 4.5% shareholding in BGZ BNPP.

Total Project Cost

PLN 3,250,000,000.00

The cost of the acquisition of RBPL Core, announced on 10 April 2018, was PLN 3,250 million.

Environmental and Social Summary

Categorised FI (2014 ESP). BGZ BNPP is satisfactorily implementing the EBRD E&S Requirements under existing exposure. BGZ BNPP will be required to continue to comply with the EBRD's Performance Requirements 2, 4 and 9, implement the EBRD's E&S Risk Management Procedures for Corporate and SME loans. BGZ BNPP will be required to submit annual environmental and social reports to EBRD.

Technical Cooperation

None.

Company Contact Information

Aleksandra Zouner
aleksandra.zouner@bgzbnpparibas.pl
+48 22 56 21 750
https://www.bgzbnpparibas.pl/english-info
Bank BGZ BNP Paribas S.A. ul. Kasprzaka 10/16 01-211 Warsaw Poland

Transition impact

ETI Score:65

PSD last updated

01 Apr 2019

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

General enquiries

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Tel: +44 20 7338 7168
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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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