Connect with us

EU

#Poland - Juncker Plan supports Polish small businesses with record European Investment Bank deal

SHARE:

Published

7 years ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

PKO Leasing, the largest leasing company in Poland, launched today the largest securitization transaction on the Polish market with the support of the European Investment Bank Group and the Juncker Plan. The company sold PLN 2.5 billion (€575 million) of asset-backed securities to a pool of international investors, which includes the EIB Group, Citi Bank and others. The transaction will contribute to improving access to finance for Poland’s micro-enterprises, SMEs and mid-cap companies across all sectors. The EIB Group is providing PLN 1.93bn (€446m) in total, of which PLN 640m (€148m) is guaranteed by the Juncker Plan’s European Fund for Strategic Investments.

Internal Market, Industry, Entrepreneurship and SMEs Commissioner Elżbieta Bieńkowska said: “This agreement will make a big difference for thousands of emerging and growing businesses in Poland in need of financial support. Under the Juncker Plan, already more than 55,000 Polish SMEs and startups are benefitting from improved access to finance. SME employment in the EU is on the rise and we need to continue to give a helping hand so that these small companies flourish and create more jobs.”

A press release is available here. As of September 2019, the Juncker Plan has mobilized €433.2 billion of additional investment, including €18.7bn in Poland. The Plan is currently supporting 972,000 small and medium businesses across Europe.

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending