Kredyt Bank S.A Capital Increase III

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 5754

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 5754

Status Complete

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

09 Feb 1999

Disclosure date

16 Apr 1999

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

Further capital increase to support the activities of Kredyt Bank PBI, a private universal bank based in Warsaw.

Project objectives: Capital increase to fund KB-PBI’s continuing expansion and to maintain prudential capital adequacy. The investment will maintain the EBRD’s current shareholding percentage at 9.25 per cent.

Transition Impact

The investment in KB-PBI will contribute to the transition in Poland in three principal ways: (1) by supporting a key private bank in the sector through a rapid expansion; (2) by providing funding for lending to Polish enterprises, principally small and medium-sized enterprises (SMEs); and (3) by contributing towards the consolidation of the Polish banking sector.

The Client

Kredyt Bank PBI S.A. (KB-PBI) is a full-service universal bank, with headquarters in Warsaw. It is the ninth-largest bank in Poland by assets with an extensive nationwide branch network. Its core business includes provision of loans and guarantees, treasury and foreign exchange services, deposit and term account maintenance, and payment transfers for the corporate and retail private sector.

EBRD Finance

Equity investment of PLN 36.7 million (EUR 8.6 million)

Project Cost

PLN 374 million (EUR 88 million)

Environmental Impact

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

Technical Cooperation

None

PSD last updated

01 Feb 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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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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