Nordea Bank Polska S.A. (credit line)

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 6287

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 6287

Status Complete

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

02 Nov 1999

Disclosure date

20 Dec 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

Provision of term funding to a key niche bank for on-lending to Polish private enterprises. The project aims to provide much-needed term funding for the clients of LG Petro Bank, which are mostly Polish middle-market enterprises.

Transition Impact

The project will provide support for a key niche bank in Poland that has as its clients many small and medium-sized enterprises (SMEs) and middle-market clients.

The Client

Established in 1990, LG Petro Bank ranks as the 19th largest bank in Poland by assets. Its headquarters are in Lodz. LG Petro Bank provides a full range of banking services through eight branches throughout Poland, and the bank is expanding its network to cover all principal Polish cities.

EBRD Finance

Credit line of US$ 20 million, to be drawn in US$, EUR or PLN.

Project Cost

n/a

Environmental Impact

LG Petro Bank will follow the EBRD's Environmental Procedures for Intermediated Lending through Local Banks in relation to all sub-loans financed through the credit line. In implementing these procedures, the bank will assess potential environmental issues associated with sub-projects, which are required to comply, at a minimum, with local/national health, safety, environmental and public consultation requirements.

Technical Cooperation

None.

Transition impact

ETI Score:35

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

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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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