Santander Bank Polska - Unfunded Risk Sharing Facility

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

Uncommitted unfunded revolving risk sharing facility with Santander Bank Polska ("SBP") for up to EUR 75 million. Under the facility, EBRD will guarantee up to 65%, but not more than EUR 25 million of SBP's individual corporate exposures.

Project ID 50575

Status Cancelled

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Sub-projects

Company Contact Information

Pawel Kolodzinski
Pawel.Kolodzinski@santander.pl
0048225341799
www.santander.pl
Santander Bank Polska al. Jana Pawla II 00-854 Warszawa Poland

Project ID 50575

Status Cancelled

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

30 Oct 2019

Disclosure date

23 Jan 2020

As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.

Santander Bank Polska - Unfunded Risk Sharing Facility (Polish) (PDF, 0.61MB)

Project description

Project objectives

The facility helps SBP to optimise its capital deployment and contributes to the expansion of SBP's loan portfolio of GET eligible projects.

Transition impact

ETI Score:60

risk sharing facility contributes to the Green and Resilient transition qualities.

The facility supports the Bank's Green Economy Transition approach in Poland, with SBP deploying 1.5x of the amount risk-shared by the EBRD to finance new lending that meets the Green Economy Transition approach eligibility criteria.

It also strengthens the resilience of a systemic bank in Poland by providing a capital relief instrument enabling SBP to manage its capital more efficiently.

Client information

SANTANDER BANK POLSKA SA

Santander Bank Polska S.A. (formerly Bank Zachodni WBK S.A.) is one of Poland's largest banks. It is a subsidiary of Banco Santander and listed on the Warsaw Stock Exchange.

EBRD Finance Summary

EUR 75,000,000.00

Total project cost

EUR 187,500,000.00

Additionality

EBRD offers an innovative structure (individual risk sharing twinned with commercial bank's financing of GET technologies) on commercial terms, which is not offered presently from commercial sources. EBRD is AAA rated institution, which allows SBP to benefit from full capital relief.

Environmental & Social Summary

Categorized FI (2014 ESP). SBP will be required to comply with the EBRD's Performance Requirements 2, 4 and 9, adhere to the EBRD's E&S Risk Management Procedures for Corporate, SME and Micro Loans and submit Annual E&S Reports to the Bank. Loans funding projects associated with high environmental and social risk or carbon intensive activities or assets will not be eligible for risk-sharing by EBRD under this Facility.

Technical Cooperation and Grant Financing

not applicable.

Company Contact Information

Pawel Kolodzinski
Pawel.Kolodzinski@santander.pl
0048225341799
www.santander.pl
Santander Bank Polska al. Jana Pawla II 00-854 Warszawa Poland

PSD last updated

23 Jan 2020

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

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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Santander Bank Polska - Unfunded Risk Sharing Facility

Overview

Company Contact Information

Project description

Project objectives

Transition impact

Client information

EBRD Finance Summary

Total project cost

Additionality

Environmental & Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

PSD last updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)