XM-DAC-903-SII-36207 International Finance Corporation The proposed project is an IFC equity investment of up to EUR 15 million in 21 Concordia L.P. (the Fund), a Jersey domiciled private equity fund with a focus on mid-market investments in Poland and CEE. The Fund is targeting EUR 100 million in total commitments and expects to make 8-10 investments with average investment tickets of EUR 10 million with an expected gross IRR of 25%. The Fund will be sector agnostic. 21 Concordia L.P. is a first-time fund.                                                    - Job Creation: IFC's experience has shown that small to midcap companies can achieve higher job creation rates than large cap companies. The Fund's midcap growth strategy is in full alignment with IFC's development impact goals. - Access to Finance: Long-term equity/risk capital is limited in Poland. SMEs/Midcaps usually access short term bank loans in the absence of equity investors. IFC's investment would support Polish companies by providing additional equity to the small /midcap market. - Poland has a much lower ratio of private equity investments to GDP compared to its peers in the emerging markets. This highlights the scarcity of capital in Poland and underlines the need to support new private equity managers. 21 CONCORDIA LP International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland   The Fund will make investments in Poland and opportunistically in the CEE region.                                                   Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 P-BA - Growth Equity Fund Total: $16.79 million 16790000.00 16790000.00 21 CONCORDIA LP Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/36207/21-concordia-lp XM-DAC-903-SII-37365 International Finance Corporation The proposed project supports Raiffeisen-Leasing Polska S.A. (RLPL or the Company) with a senior loan which will be entirely earmarked for MSMEs in less developed regions in Poland (the Project). The Project aims to increase financial inclusion through the provision of long term funding in the form of leasing products to MSMEs in rural areas of Poland. By working with a reputable leasing company with wide outreach throughout the country, this will help reduce disparities between Poland''s regions. RAIFFEISEN LEASING POLSKA S A Raiffeisen-Leasing Polska S.A. ul. Prosta 51 00-838 Warsaw Poland Tel: +48 22 260 36 66 Attention: Michal Kowalczyk, Structured Finance Senior Specialist http://www.rl.com.pl International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland RLPL is headquartered in Warsaw, Poland, and runs a network of 36 points of sale throughout Poland. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 O-LB - Leasing Services Total: $75.00 million 75000000.00 75000000.00 RAIFFEISEN LEASING POLSKA S A Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/37365/rlpl-sl-project XM-DAC-903-SII-38099 International Finance Corporation The proposed project supports BZ WBK Leasing S.A. (BZ WBK Leasing) and/or BZ WBK Lease S.A. (BZ WBK Lease) (collectively, the Companies) with a senior loan which will be earmarked for women entrepreneurs and for MSMEs in less developed regions in Poland (the Project). The Project aims to increase financial inclusion through the provision of long term funding to women entrepreneurs and to MSMEs in less developed regions of Poland. By working with reputable leasing companies with a wide outreach throughout the country, this will help reduce disparities between Poland's regions. SANTANDER LEASING S.A. BZ WBK Leasing S.A. Chlebowa st. 4/8 Poznan Poland BZ WBK Lease S.A. Chlebowa st. 4/8 Poznan Poland International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland The Companies are headquartered in Poznan, Poland, with a network of 700 branches of the BZ WBK network throughout Poland. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 O-AH - Commercial Banking - SME Finance Total: $150.00 million 150000000.00 150000000.00 SANTANDER LEASING S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38099/zachodni-wbk XM-DAC-903-SII-38703 International Finance Corporation The proposed project supports Bank Zachodni WBK S.A. (BZ WBK or the Bank) with a debt facility which will be earmarked for green projects in Poland including renewable energy, energy efficiency, water efficiency, and green buildings (the Project). The objective of the Project is to strengthen green lending in Poland. With this facility, BZ WBK can become one of the leading banks in Poland in this rapidly developing segment due to its good financial position, IFC''s support in helping to develop green strategy, sound outreach to local companies, and global name/expertise of Santander Group. SANTANDER BANK POLSKA S.A. Mr. Pawel Kolodzinski Finance Management Division, Corporate Development Office BZ WBK S.A. 17 Jana Pawla II Avenue Warsaw Poland International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 N/A Poland The Bank is headquartered in Wroclaw, Poland, with a network of 830 branches throughout Poland. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 O-AA - Commercial Banking - General Total: $150.00 million 150000000.00 150000000.00 SANTANDER BANK POLSKA S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/38703/bz-wbk-green-facility XM-DAC-903-SII-40622 International Finance Corporation The proposed project consists of an equity investment in the Innova 6 SCA/SICAV (Innova 6 or the Fund), a closed-end private equity fund, domiciled in Luxembourg. The Fund will have a generalist approach with a primary focus on financial services, telecom/technology, business services, manufacturing, consumer, healthcare, and retail.   (i) Job creation: The Fund will focus on mid-cap companies with growth capital needs, which tend to have the largest impact on job creation and the most potential for IFC to develop direct relationships through potential co-investment opportunities. (ii) Access to finance: Long-term equity and risk-oriented capital is limited in Poland; mid-cap companies usually access bank loans in the absence of equity investors. IFC's investment will support Polish companies by providing additional equity in this segment. (iii) Private sector development: The Fund will play an active role in strengthening governance and transparency of the investee companies through its hands-on involvement. Operational efficiencies of the portfolio companies will improve, thus promoting growth and sustainability. INNOVA 6 SCA SICAV-RAIF Innova Capital Ms. Katarzyna Kaczmarek Head of Investor Relations +48 225449400 kkaczmarek@innovacap.com 00-124 Warsaw, Poland www.innovacap.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland The Fund will invest in Poland as well as other Central European countries on an opportunistic basis. A minimum of 70% of the Fund is expected to be invested in Poland. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 P-BA - Growth Equity Fund Total: $24.44 million 24440000.00 24440000.00 INNOVA 6 SCA SICAV-RAIF Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/40622/innova-vi-project XM-DAC-903-SII-45317 International Finance Corporation  The proposed project consists of an IFC equity commitment of up to 15 million in Avallon MBO Fund III SCA SICAV-RAIF (Avallon III or the Fund), a closed-end fund domiciled in Luxembourg with a target size of 130 million. The Fund will pursue buy-out and buy & build transactions in small and medium enterprises (SMEs) primarily in Poland and opportunistically in Central and Eastern Europe (CEE). Project Outcomes: -Increase in access to private equity capital in Poland -Value creation for small-cap companies in Poland Contribution to Market Creation: -IFC's investment is anticipated to provide a signal to other potential funds as to the long-term viability of small to mid-cap segment and attract other fund managers to raise new small to mid-cap funds. AVALLON MBO FUND III S.C.A. SICAV-RAIF Avallon Sp. z .o.o Tomasz Stamirowski Managing Partner +48 601 242 244 t.stamirowski@avallon.pl Avallon Sp. z o.o. al. Kosciuszki 17 90-418 Lódz, Poland https://www.avallon.pl/en International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland The Fund will primarily make investments in Poland and opportunistically in other CEE countries. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 P-BA - Growth Equity Fund Total: $18.53 million 18530000.00 18530000.00 AVALLON MBO FUND III S.C.A. SICAV-RAIF Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/45317/avallon-mbo-fund-iii-s-c-a-sicavraif XM-DAC-903-SII-46104 International Finance Corporation The proposed project consists of an IFC equity commitment of up to EUR 40 million in Innova/7 SCA SICAV-RAIF (Innova 7 or the Fund) a closed-end private equity fund domiciled in Luxembourg with a target size of EUR 350 million. The Fund is targeting mid-market growth / buyout investments in Poland and Central and Eastern Europe (CEE). Project Outcomes: - Increased access to private equity capital and value creation for mid-market companies in Poland and the CEE region. Contribution to Market Creation: - Strengthen the competitiveness of the private equity market in Poland and the CEE region INNOVA CAPITAL FUND VII Innova/7 GP SARL Monica Morsch, Magdalena Pasecka Class A Manager / Class B Manager innovalux@aztecgroup.eu 4a rue Henri Schnadt, L-2530 Luxembourg, Grand Duchy of Luxembourg www.innovacap.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland The Fund will make investments in Poland as well as Central and Eastern Europe (CEE) Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 P-BA - Growth Equity Fund Total: $88.06 million 88060000.00 88060000.00 INNOVA CAPITAL FUND VII Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46104/innova-vii-project XM-DAC-903-SII-46693 International Finance Corporation The proposed project consists of an IFC equity commitment of up to EUR 15 million in Resource Eastern European Equity Partners III SCA SICAV-RAIF (REEEP III or Resource III the the Fund) a closed-end private equity fund targeting EUR 200 million.  The Fund is targeting control investments or significant minority investments in small to mid-cap enterprises active in the consumer value chain in Poland and other CEE countries, predominantly in Romania                                                    Project level outcomes are delivered through increasing access to equity and value creation for mid-cap companies in Poland and other countries in the CEE region, primarily Romania. Resource Partners is an experienced fund manager and will support value creation in its investee companies by improving operational efficiency improvements, leadership development, and international expansion. Market creation is delivered by strengthening the resilience of the PE market in Poland and Romania. The project supports an experienced fund manager to raise a follow-on fund in the small to mid-cap market segment Beyond the Project, IFCs support to Resource Partners along with other Development Finance Institutions (DFIs) will help sustain investment activity during the current crisis and preserve market capacity supporting faster recovery, demonstrating resilience to shocks and encouraging commercial investors to return to the market. RESOURCE EASTERN EUROPEAN EQUITY PARTNERS III SCA SICAV-RAIF Resource Partners GP III S.a.r.l. Anke Jager / Piotr Nocen Class A Manager / Class B Manager REEEPLUX@aztecgroup.co.uk 2663 SenningerbergGrand Duchy of Luxembourg https://resourcepartners.eu International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland    The Fund will make investment in Poland as well as Central and Eastern Europe (CEE), predominantly in Romania. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 P-BA - Growth Equity Fund Total: $16.04 million 16040000.00 16040000.00 RESOURCE EASTERN EUROPEAN EQUITY PARTNERS III SCA SICAV-RAIF Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46693/resource-partners-iii XM-DAC-903-SII-46471 International Finance Corporation The proposed transaction is an investment of up to US$90 million in convertible preferred shares of Elemental Holding S.à r.l., a company formed and incorporated in Luxembourg (Elemental or the Company). Elemental is a leading global player operating in the recycling stage of the Platinum Group Metals (PGM) and E-waste value chain. IFCs proposed investment will be used to finance the Companys growth plans through Mergers and Acquisitions (M&A) in developed and emerging markets, downstream projects, and other corporate purposes and transactions (the Project). The Project will contribute to the reduction in inadequate waste disposal and GHG emissions associated with primary mining and electricity generation as well as greater sustainability by demonstrating a successful circular economy business model. ELEMENTAL HOLDING SA Elemental Holding S A Sylwester Puczen Head of Communications & ESG +48 505 096 979 s.puczen@elemental.biz ul. Traugutta 42A, 05-825 Grodzisk Mazowiecki International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000 The Companys registered office is Luxembourg, 20 rue Eugène Ruppert, L-2453 Luxembourg. Poland The Project involves acquisition of target companies (operating in upstream segment of metals recycling) in emerging and developed markets, and expansion into the downstream segment. The proceeds of IFCs proposed investment will be used for financing M&A, including a potential acquisition of an existing company in an emerging market, downstream projects and other corporate purposes and transactions.                                                    Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 other Total: $90.00 million 90000000.00 90000000.00 ELEMENTAL HOLDING SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46471/holland-project XM-DAC-903-SII-47206 International Finance Corporation On 15 December 2022, IFC submitted an offer to invest PLN 435 million, equivalent to US $98.6 million,  as an anchor investor in a PLN 2.67 billion sustainability-linked bond (SLB) being issued by Cyfrowy Polsat S.A. (the Company). On 16 December 2022, the Company accepted the offer and invited IFC to purchase the bonds by 11 January. The Company along with its subsidiaries (collectively the Group or Grupa Polsat Plus or Polsat) is one of the largest media and telecom operators in Poland. In December 2021, the Company announced the planned acquisition of 67% stake in PAK-Polska Czysta Energia sp. z o.o. (PAK PCE), a company that was set up to invest in renewable energy and green hydrogen in Poland, and 67% stake in Port Praski sp. z o.o, a holding company that is developing a large real estate project in Central Warsaw. The project is expected to deliver positive environmental effects from the reduction of GHG emissions (~2 million CO2 tons equivalent per year). At the market level, the investment contributes to further diversify the Polish energy mix away from coal and introduce innovations that support Polands decarbonization strategy. The SLB issuance, the first by a Telecom company in the Polish domestic market and the largest issuance in local currency in the past five years, would also help develop Polands domestic capital market through demonstration effects and the expansion of sustainable finance instruments. CYFROWY POLSAT S A Grupa Polsat Plus Investor Relations Department ir@cyfrowypolsat.pl 4 Konstruktorska Str. 02-673 Warsaw, Poland International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000   N/A Poland Cyfrowy Polsat S.A. is headquartered in Warsaw and operates solely in Poland. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 N-AD - Other (Including Satellite Telecommunications, Radio and Television Broadcasting, etc.) Total: $100.00 million 100000000.00 100000000.00 CYFROWY POLSAT S A Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47206/polsat-project XM-DAC-903-SII-47907 International Finance Corporation      The proposed project consists of an IFC equity commitment of up to EUR 40 million in Enterprise Investors Fund IX, SCSp (Enterprise IX or the Fund) a closed-end private equity fund targeting investments in Poland and Central and Eastern Europe (CEE). The Fund will be domiciled in Luxembourg with a target size of EUR 450 million.                                                The Fund is expected to increase access to private equity capital and value creation for companies in Poland and wider CEE Region. Enterprise has an extensive track record and will continue the value strategy demonstrated in previous funds. The investment will also support the Fund to sustain activity and ensures it can continue to operate given deteriorating market conditions, demonstrating resilience. This signal builds on IFCs recent support to other mid-market funds in the region and will help to sustain activity during the current crisis, support market recovery by preserving critical market capacity, and encourage commercial investors to return to the market. Enterprise Investors Fund IX SCSp Enterprise Investors Dariusz Pietrzak Vice President, Investor Relations dariusz.pietrzak@ei.com.pl https://www.ei.com.pl/en/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland             The Fund will make investments in Poland and other European Union member countries in CEE.                                         Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 P-BA - Growth Equity Fund Total: $42.70 million 42700000.00 42700000.00 Enterprise Investors Fund IX SCSp Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47907/enterprise-ix XM-DAC-903-SII-46241 International Finance Corporation  The Project consists of a Synthetic Risk Transfer (SRT) transaction in which IFC will provide to Santander Bank Polska S.A. (SPL) an unfunded guarantee on credit losses of up to PLN475 million (US$110 million equivalent) on a PLN2.9 billion reference portfolio comprising consumer finance loans on SPL balance sheet. SPL will deploy capital freed up as a result of the IFC loss protection to undertake no less than $600 million-equivalent of new green lending in Poland. The Project will increase the resilience of SPL, which is one of the countrys systemic banks, and introduce a highly innovative SRT structure, which will be the first SRT in emerging markets with a climate risk mitigation objective.                                                   Project Outcomes Stakeholders Effect, Increased Access to Climate Finance: The Project is expected to increase access to climate finance in Poland through the capital freed up as a result of the IFC loss protection to be deployed in undertaking new green lending. Contribution to Market Creation Resilience: IFC anticipates that the investment will improve resilience in the market through innovation, demonstration and replication channels. The innovative instrument is expected to provide capital relief to the third largest and systemic bank in Poland and contribute to a wider adoption of SRTs at the country and regional levels. RSF Santander Frida Santander Bank Polska Anna Parfieniuk International Financial Institutions Relationship Manager +48 61 81 19999 contact@santander.pl 00854 Warszawa, Poland www.santander.pl International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland  SPL is headquartered in Warsaw, Poland. The proposed investment will be used to finance sub-projects located in Poland.                                                   Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 O-AE - Commercial Banking - Risk Mgmt Facility Total: $115.53 million 115530000.00 115530000.00 RSF Santander Frida Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46241/dcm-srt-frida XM-DAC-903-SII-47755 International Finance Corporation The Project entails setting up a facility in Poland, under IFCs Distressed Assets Recovery Program (DARP), to acquire and resolve retail and SME/corporate non-performing loans (NPLs) and distressed real estate assets and real estate owned (REO) assets on the banks balance sheets (Target Assets), together with EOS Holding GmbH or a 100% subsidiary of it (EOS or the Sponsor). This facility will acquire Target Assets both in the primary and secondary distressed assets markets in Poland (Target Market). The proposed facility will have US$300 million equivalent in EUR in available committed capital, of which IFC will commit US$150 million and EOS will commit US$150 million (DARP NPL EOS III) (the Project). The most significant, expected Project-level outcome is the offloading of secured and unsecured retail and SME/corporate NPLs and REOs by financial institutions in the Target Markets, which will support their capital position by freeing up capital and increasing liquidity, and reduce large costs associated with the management of these assets. As a result, this will enhance the lending capacity of these financial institutions. In addition, IFC expects that the Project will help normalize retail and SME/corporate obligations, allowing individuals and businesses to retain their assets and make them creditworthy again. Beyond the Project-level outcomes, the proposed investment is part of a programmatic approach in Poland to enhance the resilience of the financial sector. Under the programmatic approach, IFC is expected to provide (i) significant distressed asset resolution capacity; (ii) capital relief solutions such as synthetic risk transfer; and (iii) long-term bail-in-able and structured financing. DARP SPV EOS II EOS Holding GmbH Carsten Tidow Managing Director +49 40 2850 1969 c.tidow@eos-solutions.com Steindamm 71, 20099 Hamburg, Germany https://eos-solutions.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland  Poland Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 O-FB - Distressed Assets SPV Total: $150.00 million 150000000.00 150000000.00 DARP SPV EOS II Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47755/darp-npl-eos-iii XM-DAC-903-SII-46728 International Finance Corporation  The proposed IFC investment involves a 7 year senior loan of up to $300 million to SK hi-tech battery materials Poland sp. zo.o. (SK Poland), comprising (i) an A loan of between US$150 million and US$200 million (but no more than US$200 million) for IFCs own account; and (ii) a syndicated loan of between US$100 million and US$150 million (but no more than US$150 million). SK Poland is the Polish subsidiary of SK ie technology Co. Ltd (SKIET or the Company), a manufacturer of lithium-ion battery separators (LiBS), a key component of batteries used in electric vehicles (EVs). Currently, SKIET has a total LiBS manufacturing capacity of 1.53bn square meters (sqm) across 4 production facilities in 3 countries, i.e. South Korea, China and Poland. SKIET is listed on the Korea Stock Exchange since May 2021 with a market capitalization of US$3.5 billion equivalent (as of March 13, 2023). IFCs investment will support the on-going construction and expansion of SK Polands production facility in Dabrowa Górnicza, Poland to meet the fast-growing demand for electric vehicles batteries in Europe (the Project).   The most significant expected project-level outcomes are the improvement in Polands industrial complexity through local production of a strategic component that requires an advanced manufacturing technology, and the increase in job quality and manufacturing skills in a critical segment for the decarbonization of mobility in Europe. Beyond the Project, IFC expects the investment to fast-track significant improvements in the resilience of the European EV ecosystem, by supporting a first mover in near-shoring production of a critical component in an EV battery cell, and to enable the development of an EV components hub in eastern and central Europe, lowering dependency on a few global suppliers. SK HI-TECH BATTERY MATERIALS POLAND SP.Z O.O SK hi-tech battery materials Poland sp. zo. o Taejun (Ted) Sim Chief Operating Officer +48539011701 tjshim@sk.com SK hi-tech battery materials Poland sp. zo. o Innowacyjna 1, 42-520 Dabrowa Górnicza, Poland http://eng.skietechnology.com/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000       tjshim@sk.com Poland   Dabrowa Górnicza, Silesia, Poland   Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 M-BA - Electrical Machinery, Equipment and Components (Electric Lighting, Motors, Batteries, Insulated Wires and Cables, Fiber Optic Cable, Carbon and Graphite Products, etc.) Total: $200.00 million 200000000.00 200000000.00 SK HI-TECH BATTERY MATERIALS POLAND SP.Z O.O Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/46728/sk-iet-poland XM-DAC-903-SII-49228 International Finance Corporation             The proposed project consists of an IFC equity commitment of up to EUR 15 million (US$ 16.3 million equivalent) to V4C Poland Plus Fund II (V4C II or the Fund) a closed-end private equity fund targeting investments in Poland, Romania and other European Union member countries in Central and Eastern Europe (CEE). The fund will be domiciled in Luxembourg with a target size of EUR 100 million (US$ 108 million equivalent).                                        The Fund is expected to increase access to private equity capital and value creation for companies in Poland and the CEE region, primarily Romania. While companies in Poland and Romania benefit from relatively more developed financial institutions compared to other EMs and developing access to the EU capital markets, the availability of equity has declined. Within this context, V4C will support value creation in its portfolio through management improvement, expansion strategies, optimizing operations, and assisting companies in executing merger and acquisition transactions that generate synergies and scale. Beyond the project, IFC will support the PE market to remain functioning and provide capital to growth stage companies after thea sharp fall in investment following Russias invasion of Ukraine. Commercial investors are withdrawing, limiting the ability of PE funds to operate without DFI support. IFCs investment with V4C II will support one of the emerging small to mid-market fund managers to sustain activity and sends a signal to other funds seeking to raise in the region. This signal builds on IFCs recent support to other funds in the region and will help to sustain activity induring the current environment, support market recovery by preserving critical market capacity, and encourage commercial investors to return to the market. V4C Poland Plus II SCA SICAV-RAIF V4C General Partner II SARL William R. Watson Manager Bill.watson@v4c.com www.value4capital.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland The Fund will make investments in Poland, Romania and other European Union member countries in CEE.   Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 P-BA - Growth Equity Fund Total: $16.18 million 16180000.00 16180000.00 V4C Poland Plus II SCA SICAV-RAIF Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49228/v4c-ii-project XM-DAC-903-SII-49230 International Finance Corporation  The proposed project consists of (i) an IFC equity commitment of up to 15 million in Cogito Fund II SCA SICAV RAIF (Cogito II or the Fund) and (ii) a co-investment envelope of up to 10 million, on a delegated authority basis, to invest in select companies alongside the Fund. Cogito II is a closed-end venture capital (VC) fund targeting investments in technology companies primarily in Poland and Central and Eastern Europe (CEE). The Fund will be domiciled in the Grand Duchy of Luxembourg with a target size of 125 million.                                                   The Fund is expected to increase access to VC financing and value creation for technology startups based in Poland and other CEE countries, resulting in business growth. The project is also expected to strengthen the competitiveness of the VC Market in Poland and the CEE region by supporting the expansion of the later-stage segment, via demonstration and replication channels. Cogito Fund II SCSP SICAV-RAIF Cogito Fund II SCA SICAV-RAIF Sylwester Janik Managing Partner +48 602 102 705 sylwester.janik@cogitocap.com Poland: ul. Krakowskie Przedmiescie 13, 00-071 Warsaw, Poland http://cogitocap.com   International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland The Fund will make investments primarily in Poland and CEE.                                                        Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 P-BB - Venture Capital Fund Total: $27.13 million 27130000.00 27130000.00 Cogito Fund II SCSP SICAV-RAIF Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49230/cogito-fund-ii-sca-sicav-raif XM-DAC-903-SII-49175 International Finance Corporation The proposed project is an equity investment of up to US$35 million in VeloBank S.A. (VeloBank or Bank) for an ownership stake of up to 9.9 percent. VeloBank is the bridge bank resulting from the resolution of Getin Noble Bank S.A. (GNB) in September 2022 and currently stands as the 9th largest bank in the country. An affiliate of Cerberus Capital Management L.P. (Cerberus) has signed an agreement with the Bank Guarantee Fund (BFG), Polands Resolution Authority, to purchase 100 percent of the shares of VeloBank and to recapitalize the Bank to meet regulatory requirements. The transaction's completion, subject to obtaining the necessary approvals, is expected to occur in mid-2024. IFC would participate in the equity transaction alongside Cerberus. Project-level Outcome: Stakeholders effects Increase access to green finance: The Project will provide equity to VeloBank to support its strategic growth ambition and is expected to increase access to climate finance in Poland by specifically strengthening VeloBanks new climate finance projects including renewable energy, energy, and water efficiency, and clean transportation projects, therefore contributing towards shifting Polands energy generation mix. Market-level Outcome: Resilience: As part of a programmatic approach in Poland, the Project will promote the resilience of the banking sector in the country. The goal is to create a more resilient and stable financial sector, especially after two successive negative shocks the COVID-19 pandemic and Russia's invasion of Ukraine which have exposed its inherent structural vulnerabilities. IFCs investment will inject equity into VeloBank strengthening its capital position and enabling it to expand its green lending activities and encouraging other players in the market to follow suit. This Project is a critical part of the programmatic solution to bolster the resilience of the banking sector in Poland. Market-level Outcome: Competitiveness: IFC anticipates that the Project will also deepen the competitiveness of the climate finance market in Poland through innovation, demonstration and replication channels. VeloBank S.A Bank Guarantee Fund Filip Dutkowski Head of Communications +48 22 58 30 979 media@bfg.pl Skorupki 4, 00-546 Warsaw, Poland www.bfg.pl International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland VeloBank is headquartered in Warsaw, Poland, and provides financial services to customers across the country. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 O-AA - Commercial Banking - General Total: $35.00 million 35000000.00 35000000.00 VeloBank S.A Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49175/project-emerald XM-DAC-903-SII-48288 International Finance Corporation The proposed Project involves a Synthetic Significant Risk Transfer transaction (SRT) between IFC and BNP Paribas Bank Polska S.A. (BNPP Poland or the Bank), a majority owned subsidiary of BNP Paribas S.A. banking group (BNP Paribas or the Group). IFC will provide an unfunded guarantee on credit losses, of up to US$55 million equivalent in PLN (i.e., PLN 218 million), for the mezzanine tranche of a PLN 2,18 billion reference portfolio. The portfolio comprises eligible corporate and mid-size credit exposures of the Bank across a diversified range of economic sectors.           The most significant expected outcome of the Project is increased access to climate finance in Poland. Beyond the project-level outcomes, IFC anticipates that the Project as part of a programmatic approach that provides a comprehensive solution that entails NPL resolution, capital relief, loss absorption and structured finance instruments will directly contribute towards deepening the resilience of the Polish banking sector via demonstration and replication channels. IFC expects the Project to increase access to climate finance in Poland by specifically supporting new climate finance projects, including renewable energy, energy, and water efficiency, as well as clean transportation projects. IFC anticipates that the programmatic approach will boost the resilience of Polands banking sector directly by supporting systemically important banks. RSF SRT Mazurka BNPP Poland BNP Paribas Bank Polska S.A. Izabela Tworzydlo Head of the Corporate Communication Department, Spokesperson +48 607 449 849 izabela.tworzydlo@bnpparibas.pl ul. Kasprzaka 2, 01-211 Warszawa, Poland https://www.bnpparibas.pl/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland BNP Paribas Polska S.A. is headquartered in Warsaw, Poland. The IFC investment will be undertaken with BNP Paribas Polska at the headquarter office.                 Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 O-AE - Commercial Banking - Risk Mgmt Facility Total: $85.42 million 85420000.00 85420000.00 RSF SRT Mazurka BNPP Poland Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/48288/dcm-srt-mazurka-bnpp-pl XM-DAC-903-SII-49074 International Finance Corporation  The proposed investment is an unfunded risk participation facility (RPF) between IFC and Santander Bank Polska SA (Santander Bank Polska or the Bank) for renewable energy project finance loans of up to PLN 1,900 million (US$ 470 million equivalent) in aggregate, originated by the Bank (the Project). The Project is expected to support Santander Bank Polska in increasing access to finance for long term local currency energy transition projects in Poland, including projects led by small and medium sized enterprises (SMEs). Expected Project-level outcomes are contribution to the development of climate finance in Poland including ones led by SMEs as well as positive environmental effects driven largely by the reduction of GHG emission through the CAFI tool and increase in renewable energy opportunities. Santander Bank Polska S.A. Santander Bank Polska Anna Parfieniuk International Financial Institutions Relationship Manager +48 61 81 19999 contact@santander.pl 00854 Warszawa, Poland www.santander.pl International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland  The Project will be conducted in Poland, where the Bank operates through its branch network and digital banking channels. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 O-AE - Commercial Banking - Risk Mgmt Facility Total: $384.73 million Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49074/renewables-project-finance-rpf-santander-poland XM-DAC-903-SII-49441 International Finance Corporation The Project entails a proposed IFC equity investment of up to 33million, for a minority stake in Polmed S.A (Polmed or the Company), a growing Polish private medical services provider. The Company was established in 1999 and has since grown into a diversified healthcare group offering services in outpatient care, imaging diagnostics, and rehabilitation across multiples cities in Poland. Through this Project, Polmed seeks to expand its portfolio into more specialized services through acquisitions and organic investments. The most significant expected project-level outcome is to increase access to high-quality specialized services such cancer treatment in Poland, addressing capacity constraints and long waiting times in the public healthcare system. Demand for specialized out-of-hospital oncology services is expected to grow. IFC anticipates that this investment will enhance competitiveness in the private healthcare market by expanding non-invasive treatment options, upskilling medical personnel in innovative cancer surgery, improving healthcare delivery integration, and encouraging adoption of telemedicine and other digital innovations for delivering value-based care. In addition, Polmed presents and demonstrates how private provision can be integrated into public coordinated health system. By catering to public insurance patients, it is enabling access for multiple income groups and bridging the health services gaps. Polmed SA Polmed S.A. Mr. Radoslaw Szubert Chief Executive Officer +48508162522 r.szubert@polmed.pl Ul. Os. Mikolaja Kopernika 21 Starogard Gdanski; Pomorskie; Postal Code: 83 200 https://polmed.pl/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000 Ul . Os . Mikolaja Kopernika 21 Starogard Gdanski ; Pomorskie ; Postal Code: 83 200   Poland  The Company will make investments across Poland. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 S-AA - Hospitals and Clinics Total: $35.70 million 35700000.00 35700000.00 Polmed SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49441/polmed-s-a-project XM-DAC-903-SII-49565 International Finance Corporation NSG UK Enterprises Limited (NSG UK or the Company), a leading global glass producer has invited IFC to consider providing up to US$160 million sustainability-linked corporate loan to finance its capital expenditures in Poland and corporate level research and development (R&D) focused on decarbonization initiatives (the Project).                                                    The most significant expected project-level outcomes are economy-wide effects, namely an increase in value addition and exports in Poland and employment generation. Beyond these outcomes, IFC expects the investment to transform the sector of glass for photovoltaics (PV), and to diversify the global supply chains of PV modules. NSG UK ENTERPRISES LIMITED NSG UK Enterprises Katherine Medley Group Treasurer +0044 (0)7350 368770 katherine.medley@nsg.com European Technical Centre, Hall Lane Lathom L40 5UF United Kingdom www.nsg.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000 NSG UK Enterprises Katherine Medley Group Treasurer katherine.medley@nsg.com                                                                                                 Poland NSG plants in Sandomierz (float line and automotive) and one (automotive) at Chmielow in Poland, and R&D facilities in Merseyside, UK.   Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 other Total: $160.00 million 160000000.00 160000000.00 NSG UK ENTERPRISES LIMITED Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/49565/nsg-green-project XM-DAC-903-SII-48779 International Finance Corporation  The Project is a combination of investment preparation and proposed financing to Eneris Alpha S.A., a Luxembourg based company and sole owner of a leading Warsaw-based group with vertically integrated waste management operations in Poland. (Eneris or the Company). IFCs pre-investment support to the Company focuses on development of Eneris long-term sustainability and circular economy strategy and strengthening of corporate E&S capacity to support the Companys growth ambitions. The Project will increase access to waste management infrastructure and services, and environmental effects through a reduction in GHG emissions. At the market level, the Project is expected to improve sustainability by introducing a modern waste management and value-addition system that supports the development of a circular economy in Poland. Eneris Alpha S.A. Eneris Alpha S.A. Dariusz Lis Head of Financing Strategy +44 7717693569 dariusz.lis@eneris.com 4, rue Heinrich Heine, L-1720 Luxembourg https://eneris.com/about/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000     Eneris Alpha S.A. , 4, rue Heinrich Heine, L-1720 Luxembourg Poland The Borrower is headquartered in Luxembourg, while its Polish operating subsidiaries conduct business within Poland. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 other Total: $90.62 million 90620000.00 90620000.00 Eneris Alpha S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/48779/eneris-alpha XM-DAC-903-SII-50706 International Finance Corporation The proposed investment is an IFCs own account subscription of up to EUR 30 million into a new EUR denominated tranche of a 5-year green bonds to be issued by R Power S.A in Poland as part of the established 1 billion PLN (ca. EUR 235 million) Green Bond Programme (Project). An additional subscription of up to EUR 20 million from a third-party co-investor is anticipated. The green bonds proceeds are expected to be used to fund the construction of three Battery Energy Storage Systems (BESS) projects in Poland with a combined capacity of approximately 650 MW, making it one of the largest BESS portfolios in the country. The main Project-level outcomes are: (i) environmental effects through the reduction in GHG emissions. At the market level, the Project is expected to enhance the resilience of the Polish power sector by accelerating the growth of critical BESS capacity needed to reduce the countrys dependence on fossil fuels by supporting the integration of renewable energy into the grid; (ii) it is also expected to improve the competitiveness of the Polish power sector by demonstrating the viability of utility-scale BESS deployment. R.Power S.A. R.Power S.A. Tomasz Sciesiek Director for Equity and Debt Origination +48 660 711 772 tomasz.sciesiek@rpower.solar 02-566, Warsaw Poland Websitehttps://rpower.solar/en/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000 R.Power Group Pulawska 2, Plac Unii, Building C 02-566, Warsaw Poland Poland R.Power S.A. is headquartered in Warsaw, and operates in the territory of Poland, Portugal, Romania, Germany, Spain and Italy, developing utility scale renewable projects. Proceeds from the green bond will support the implementation of Battery Energy Storage System (BESS) projects located in Poland. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 V-BJ - Renewable Energy Holding Companies Total: $33.98 million 33980000.00 33980000.00 R.Power S.A. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/50706/rpower-bess-bond XM-DAC-903-SII-51113 International Finance Corporation The proposed transaction is an equity investment of up to 20 million to Avallon MBO Fund IV SCA SICAV-RAIF (Avallon IV or Fund IV or the Fund), a closed-end private equity (PE) fund targeting lower mid-market investments in Poland and opportunistically selected other EU-member countries in Central and Eastern Europe (CEE) (the Target Region). The Fund is domiciled in Luxembourg with a target size of 220 million and is advised by Avallon Sp. z o.o. (Avallon or the Fund Manager). The Fund is expected to increase access to private equity capital and value creation for small to mid-market companies in Poland. Avallon will leverage its experience and local networks to support value creation for its investees through talent hiring, management capacity building, M&A growth and governance, geographic expansion, operational and financial improvements and digitization. The Fund will also invest a meaningful share in women-owned and/or women-led businesses. Beyond the project, demonstrating Avallon can scale will sustain PE market activity during the current investor downturn, preserve market capacity, and help position the market to re-attract commercial investors in follow-on funds. Avallon MBO Fund IV S.C.A. SICAV-RAIF Avallon Sp.z.o.o.  Wormwood 15c  61-680 Poznan  Poland Piotr Miller p.miller@avallon.pl International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland   The Fund will invest in companies in Poland and other CEE countries on an opportunistic basis. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 P-BA - Growth Equity Fund Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/51113/avallon-iv-project XM-DAC-903-SII-47630 International Finance Corporation IFC proposes an investment of up to $250 million (in US dollar, euro, or Polish zloty equivalent) for IFC's own account in securities eligible under the Minimum Requirement for own funds and Eligible Liabilities framework (MREL), to be issued by Bank Pekao S.A. (Pekao or the Bank), the second-largest bank in Poland and a new client for IFC. The proceeds of the IFC investment will be fully earmarked to climate finance projects in Poland, with at least $50 million of the proceeds to be used for blue finance projects. The eligible financing categories include renewable energy, green buildings, clean transportation, energy efficiency, sustainable water and wastewater management, and pollution prevention and control (the Project). Pekao will identify, assess eligibility, underwrite and manage sub-projects falling into the eligible financing categories, as well as ensure allocation of the proceeds under the IFC investment and its sustainable bonds, using the Sustainable Finance Framework established in 2023. The framework is fully in line with relevant market standards and best practices, and has received a positive second party opinion. The most significant expected outcome of the Project is increased access to climate finance in Poland. In addition to the project-level outcomes, IFC envisages that the investment will enhance market resilience. This Project is part of a programmatic approach to deepen the resilience of the country's banking sector through various instruments that buttress the shock absorbency capacity of banks, among them equity, capital relief solutions, non-performing loans (NPL) offload programs, and long-term bail-in-able and/or structured financing that is currently scarcely available to banks in Poland amid increased market volatility. Enhancing Polish banking sector resilience will be achieved by improving the loss-absorption capacity of the second largest and systemically important bank in Poland. The Project is expected to provide a strong market development impetus through demonstration of viability and need for climate finance in Poland, as well as further promotion of regulatory capital instruments (MREL in this case). BANK POLSKA KASA OPIEKI SA Pekao Bank S.A. Mr. Tomasz Cichopek Senior Banker 48 603 926 072 tomasz.cichopek@pekao.com.pl Zubra 1, 01-066, Warsaw, Poland https://www.pekao.com.pl/ International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland The Bank is headquartered in Warsaw, Poland, and operates across the entire territory of the country via a branch network and digital channels. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 O-AA - Commercial Banking - General Total: $250.00 million 250000000.00 250000000.00 BANK POLSKA KASA OPIEKI SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/47630/dcm-pekao-mrel XM-DAC-903-SII-51756 International Finance Corporation The project consists of an equity investment for a minority stake in Candela Technology AB (Candela, or the Company), a company that manufactures electric foiling vessels at the forefront of electrifying marine transport. Candela is a first-mover in the space and its ferry (P-12 model) is the first electric hydrofoil to receive regulatory approval and operates in Stockholms public transport system. IFC is proposing up to 8 million in equity financing to support the Companys expansion into Emerging Markets. Assessment of Project Outcomes: Economy-wide effects - The Project is expected to generate direct value added and employment opportunities within the client company in Poland, while also fostering economy-wide value added and job creation through supply chain linkages and consumption-driven effects. Assessment of Contribution to Market Creation: IFC's investment in Candela is expected to catalyze the development of a new segment within Poland's vessel manufacturing industry - electric passenger vessels -through strong demonstration, replication, and capacity-building channels. If the Company's commercial deployment in developing countries proves successful, it is expected to demonstrate the technical and economic feasibility of the technology, foster broader market acceptance, and promote higher sustainability standards and practices across the passenger vessel industry. Candela Technology AB Candela AB Mats Zellmer Chief Financial Officer mats.zellmer@candela.com Frihamnsgatan 25, 115 56 Stockholm candela.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000 Not applicable. Poland Poland, Central and Eastern Europe (CEE). Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 M-CA - Ship Building and Repairing Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/51756/candela-equity XM-DAC-903-SII-50763 International Finance Corporation The proposed investment will support the development of two battery energy storage systems (BESS) with a capacity of 200MW (800MWh) each, one located near the city of Elk and the other near the village of Turosn in North-East Poland (the Project). Greenvolt Power Group Sp. z o.o. (Greenvolt Power) develops the Project. Greenvolt Power is part of the Portugal headquartered power company Greenvolt Energias Renovaveis S.A. (Greenvolt), which is positioned as a European leader in BESS with a total pipeline of 4.7 GW. Greenvolt is wholly owned by Kohlberg Kravis Roberts & Co. (KKR), a leading global investment firm. The Project consists of the construction, operation, and maintenance of the two BESS. Construction work is expected to finish in April 2026 for the Elk project location and June 2026 for the Turosn project location. The Project is anticipated to be in operation for 19 years and operate in the Polish capacity market starting in 2028. It will also participate in the balancing and ancillary services markets, as well as the wholesale market.  Project Outcomes: IFC expects the project to reduce greenhouse gas (GHG) emissions in Poland as it supports integration of intermittent renewable generation to the grid, addressing the country's carbon footprint primarily attributed to electricity generation while supplying low-cost renewable energy. The project will improve competitiveness by supporting the uptake of BESS in Poland, where the current BESS capacity remains modest at 160MW, and increase resilience by diversifying Polands energy mix and supporting grid-reliability. Magazyn EE Turosn Koscielna Sp. z o.o. Greenvolt Power Group Sp. z o.o. Mr. Adrian Goralski Director +48223782900 info.pl@power.greenvolt.com Al. Wyscigowa 602-681 Warsaw, Poland https://power.greenvolt.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000   [Greenvolt office in Poland   Poland City of Elk, Elk County (Warmian Masurian Voivodeship) and village of Turosn Koscielna, Bialystok County (Podlaskie Voivodeship) in Northeast Poland. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 V-IA - Electric Power Other (Including Holding Companies) Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/50763/greenvolt-bess XM-DAC-903-SII-52494 International Finance Corporation  IFC is considering an equity investment in Ingenix.AI LTD (Ingenix, or the Company) to support the development of an AI-platform for clinical drug development that helps pharmaceutical companies predict clinical trial outcomes, improve efficiency, and bring new treatments to patients faster. In terms of Project outcomes, the Company is expected to create high-skill jobs in Poland, thereby delivering a key contribution to innovation in Poland. The Project is also expected to help provide access to AI-enabled clinical trial software, including in emerging markets, thereby reducing the barriers to R&D among pharmaceutical companies, and potentially resulting in productivity gains and reducing the overall cost of clinical drug development. In terms of market outcomes, the Project is expected to contribute to increasing the competitiveness of the global market for AI-enabled clinical trial software. The company is expected to increase quality competition in this market, which ultimately is expected to drive competitors to increasingly enter and scale the solutions across new geographies, including emerging markets. Ingenix.AI Ltd. Ingenix.AI Ltd Piotr Surma CEO N/A info@ingenix.ai Niddry Lodge, 51 Holland Street, London, England, W8 7JB ingenix.ai International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 0 0 0 0 0 0 0 0 0.0000   N/A                                                                                                     Poland The Companys operating headquarter is Poland. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 S-AC - Other Health Services Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SII/52494/ingenix-convert XM-DAC-903-SPI-4928 International Finance Corporation Summary Of Project Information (SPI) Project Name Poland - Baltic Malt Limited Region Europe Sector Project No004928 Projected Board DateJanuary 3, 1996 Company NameBaltic Malt Limited Technical Partner and/or Major Shareholders WM is a private partnership owned by the Weissheimer/Sarx families, which started malting 130 years ago. It operates six malt plants in Germany, with total production capacity of 425,000 tons annually. WM also operates the IFC funded Albadomu malt project in Hungary which has a capacity of 65,000 tons p.a. About 50 percent of its production is exported worldwide, notably to Japan and Latin America. WM sales for 1995 are expected to exceed US$200 million. WM will own 50% of the equity, and IFC and DEG 25% each. This structure is similar to that of the Albadomu project in Hungary. Project Cost Including proposed IFC investment The US$27.5 million investment program will be financed with (i) a US$7.2 million equivalent long-term loan from DEG; (ii) a US$7.2 million equivalent long-term loan from IFC; (iii) a US$1.4 million equivalent in shareholders loan from WM; a(iv) US$3.5 million in short-term debt from local banks in Poland; and(v) US$8.2 million equivalent in equity from WM (50%), DEG (25%), and IFC (25%). Location of project and Description of site The project will be located on a 3 hectare site leased from the port authority for 30 years in the port of Gdansk and thus well placed to export malt. Gdansk is at the center of a barley producing area and the project will be in a favorable position to source its raw materials. The annual requirements of 81,500 tons of barley will be procured within a distance of less than 120 kms. The malt plant will be located in the industrial part of the Gdansk port, in northern Poland. The site can be reached by sea, by rail and by road. The property has a size of 30,000 m2, with a quay line of about 80 m facing the Martwa Wisla, a branch of the Wisla, Polands main river. Description of Company and Purpose of Project The project addresses the existing malting capacity shortage by establishing a modern and efficient plant with significant competitive advantages vis-a-vis existing malt plants in Poland, such as modern and efficient technologies, economies of scale and proximity to raw materials. The project is a net foreign exchange earner with the combined savings and earnings of about US$30 million annually. Given the stringent specifications required for the malting process, a malsters and farmers need to establish close and durable relationships which are mutually beneficial. Working closely with the Company and becoming steady suppliers, farmers would experience noticeable benefits since malting barley is generally more profitable than other cereals, especially in the proximity of a malting plant. In addition, farmers would benefit from WM''s agriculture research efforts, which would result in the introduction of better barley varieties and farming practices. The economic rate of return for the project is estimated at 31%. Environmental Category and Issues This is a category B project according to IFC environmental review procedures. The plants is designed to meet exceedingly strict German environmental standards with regards to effluent discharge, dust emission, and noise levels. The company has confirmed that it will comply with all applicable World Bank environmental standards. The malting process uses 3 to 4 m3 of water for each ton of malt produced. Water is to be sourced from ground wells to be constructed on the site; which is situated on the banks of the River Wisla. The plant''s water off-take will have no impact on the underlying aquifer and ground water levels. After steeping the water would normally have a high biological oxygen demand (BOD) level but the use of water for cleaning the chambers means that the final BOD after water arriving at the effluent treatment plant is much lower. The treatment plant consists of settlement tanks and aerobic treatment systems. After meeting all relevant standards, the water will be discharged into the river. Effluent discharge amounts to less than 1 m3 of water per ton of malt - as moisture is lost to the atmosphere during the germination and kilning processes. The is from the Public Information Center. Date SPI sent to PIC December 1, 1995 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). Baltic Malt Sp. z o.o. International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 AA - Grain Processing (Milling, Starch, Flour, Malt) Total: $8.79 million 6840000.00 1950000.00 6840000.00 Baltic Malt Sp. z o.o. 1950000.00 Baltic Malt Sp. z o.o. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/4928/baltic-malt-sp-z-o-o XM-DAC-903-SPI-7487 International Finance Corporation Summary Of Project Information (SPI) Project Name Poland-Polish American Mortgage Bank Region Europe Sector Project No007487 Projected Board DateJune 3, 1996 Company NamePolish American Mortgage Bank Technical Partner and/or Major Shareholders Polish American Enterprise Fund; Wielkopolski Bank Kredytowy Project Cost Including proposed IFC investment US$35 million, of which an IFC senior loan of US$10-15 million Location of project and Description of site Warsaw, Poland Description of Company and Purpose of Project PAM Bank is a major originator of mortgage finance in Poland. It requires additional funding to meet the demand for its product. IFC has a strong institution building role in assisting the bank during its transition period as it strives to meet demand, cultivate alternative local sources of capital and prepares to securitize its portfolio. Environmental Category and Issues Category C. No further environmental review is therefore required. Date SPI sent to PIC May 2, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 Polish American Mortgage Bank Inc. International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 AA - Commercial Banking - General Total: $15.00 million 0.00 15000000.00 0.00 Polish American Mortgage Bank Inc. 15000000.00 Polish American Mortgage Bank Inc. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7487/polish-american-mortgage-bank XM-DAC-903-SPI-7661 International Finance Corporation Summary Of Project Information (SPI) Project Name Poland-Norgips Opole Region Europe Sector Project No007661 Projected Board DateSeptember 10, 1996 Company NameNorgips Opole Sp. z o.o. Technical Partner and/or Major Shareholders Norgips A/S (Norway), 66.7%; and Opole Power Plant SA (Poland), 33.3%. Norgips is a Norwegian producer of gypsum plasterboard, with technical expertise in building and managing plasterboard facilities, as well as marketing contacts throughout Europe. Opole Power Plant is a Polish state-owned power generator being required by the Polish Government to install flue gas desulphurization which will produce the gypsum supply. Project Cost Including proposed IFC investment Project Cost: $52.9 million equivalent. Proposed IFC investment to be comprised of: $13.0 million equivalent in DM-denominated senior and subordinated loans for IFCs account; and $24.0 million in syndicated loans for the account of participant banks. Location of project and Description of site The project will be located nine kilometers north of the southwestern city of Opole. The 14 hectare site lies adjacent to the Opole Power Plant, and is already covered with concrete block. Description of Company and Purpose of Project The purpose will be to establish a modern gypsum plasterboard production facility with annual capacity up to 40 million square meters. The companys sales will be directed 25% to the domestic market and 75% to the export markets (primarily Germany). The project will take advantage of the low-cost gypsum supplied by the power plant, together with overall lower operating and capacity costs than western European competitors. Environmental Category and Issues This is a category B project according to IFCs environmental review procedure. Environmental, occupational health and safety issues include potential contamination of the proposed site as a result of previous activities, air emissions, dust control and noise. The project will receive an indemnity from Opole Power Plant for any contamination identified at the site due to prior activities. Air emissions will include NOx, SO2 and CO, all of which will be within the limits permitted by the World Banks environmental guidelines. Similarly, workplace and ambient noise levels will be maintained in compliance with the Banks guidelines. The project will convert solid waste from the power plants flue gas desulphurization system (i.e., gypsum) into a useful product. The is July 31, 1996 from the Public Information Center. Date SPI sent to PIC July 29, 1996 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). Norgips Opole SP Zo.o. International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 CB - Quarried Construction Materials (Including Asbestos, Crushed Stone Construction, Aggregates, Granite Block, Sand, etc.) Total: $12.92 million 12920000.00 12920000.00 Norgips Opole SP Zo.o. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/7661/norgips-opole-sp-z-o-o XM-DAC-903-SPI-8125 International Finance Corporation Summary Of Project Information (SPI) Project Name Poland-Global Hotels Region Europe Sector Project No008125 Projected Board DateMay 27, 1998 Company NameGlobal Group of Companies Technical Partner and/or Major Shareholders Global Group of Companies, Polish Enterprise Fund Project Cost Including proposed IFC investment Total project cost is estimated at US$39 million with IFC investment of up to US$10.7 million, including senior loan, subordinated loan and equity. Location of project and Description of site Hotels will be located in major regional cities of Poland. First hotel, 144-room Holiday Inn Core will be located in Gdansk, Polands major port city located on the Baltic Sea with population of 890,000 in the metropolitan area. The site is conveniently located opposite the railway station and adjoining the Old Town in a highly visible location on one of the main roads in the city center. The hotel is being built on the site of the former Monopol Hotel and is scheduled for opening in late 1998. Several other sites are under development in various parts of Poland. Description of Company and Purpose of Project The project involves development and operation of a chain of three-star hotels in major regional cities of Poland, under a Preferred Terms franchise agreement with Holiday Inn Worldwide (HI). The proposed financing covers the first 4-5 hotels of the chain. They will generally be low to mid-rise construction, typically have 100-150 rooms, and include both new construction and refurbishment of existing properties. They will operate under several existing Holiday Inn formats: HI Core, HI Express, and other HI brands. The ultimate goal of the Company is to build a hotel management company which will own and manage a portfolio of hotels. IFC will play a key role in this transaction by providing equity, quasi-equity and long term debt financing for the project which is developed by a private Polish company supported by an international equity fund with significant Polish market experience. IFCs involvement will strengthen the deal structure and will provide comfort to other equity investors through our inputs to the business concept, development strategy, and management arrangements. The project will contribute to regional development of Polands business infrastructure. It will help to overcome Polands shortage of quality hotel accommodation outside of capital city which inhibits development of business and tourist travel. By attracting investors to Polands regions, the project will help to spread benefits of economic development outside of Warsaw and create job opportunities in the service industry. Environmental Category and Issues This is a category B project according to IFCs environmental review procedure. Environmental, occupational health and safety issues associated with the project include: site selection for new hotels, environmental compliance of existing hotels which will be refurbished, liquid effluents treatment, solid waste disposal, water supply, recovery of dry cleaning solvents and use of refrigerants. Health and safety issues include fire safety and emergency response. Hotels will be connected to the city sewer systems. Should municipal sewage treatment facilities not be adequate, the Sponsor has committed to install in-house waste water treatment facilities to meet IFC and World Bank requirements. Solid waste will be collected and recyclable material, where such recycling is available in Poland, will be separated and disposed of by the municipality at designated landfill. Water for the hotel operation as well as fire protection will be supplied by the local water authority. The Sponsor has committed that all cold storage and central cooling system will be CFC-free. All hotels will meet fire safety requirements, including installation of sprinkler systems, and will be designed to meet World Bank fire safety guidelines. The is from the Public Information Center. Date SPI sent to PIC April 23, 1998 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Environmental documents for this project are available at http://www.ifc.org and from the World Bank InfoShop (http://www.worldbank.org/html/pic/aboutinfo.html). GLOBAL HOTELS DEVELOPMENT GROUP POLAND SA International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 AA - City and Business Hotel Total: $10.80 million 7200000.00 3600000.00 7200000.00 GLOBAL HOTELS DEVELOPMENT GROUP POLAND SA 3600000.00 GLOBAL HOTELS DEVELOPMENT GROUP POLAND SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8125/global-hotels-development-group-poland-s-a XM-DAC-903-SPI-8197 International Finance Corporation Summary Of Project Information (SPI) Project Name Poland - Bank Wlasnosci Pracowniczej S.A. (BWP) Region Europe Sector Project No008197 Projected Board DateMay 5, 1998 Company NameBWP Technical Partner and/or Major Shareholders Unibank (Denmark) 26% IFC 20% Project Cost Including Proposed IFC Investment US$15 million; IFC equity US$2 million; IFC Loan US$5 million. Location of Project and Description of Site Headquartered in Gdansk, with 6 branches nationwide. Description of Company and Purpose of Project The project will support the privatization and expansion of Bank Wlasnosci Pracowniczej (BWP, the Bank), a small regional bank based in Gdansk and indirectly controlled by the state, which has successfully focused on lending to small and medium-sized enterprises (SMSEs). BWP is also a pioneer in privatizations involving employee buyouts. Notwithstanding its success in these specialty niches, BWP falls short of new Polish minimum capital standards coming into effect by end-1998. In addition, the Bank aims to expand geographically. As part of BWPs privatization, and in order to support BWPs management and systems - which could get stretched if BWP expands significantly - IFC has introduced BWP to a potential technical partner, Unibank (UB), a Copenhagen (Denmark) based bank focused on SMSE lending, which will co-invest in BWP alongside IFC. The IFC credit line would be on-lent to SMSEs Environmental Category and Issues This is an environmental review category FI project. BWP will be required to screen all loan applications for excluded activities. For project finance, BWP will be required to undertake an environmental review of eligible borrowers environmental performance and each sub-projects compliance with the Government of Poland environmental, health and safety laws, regulations and standards, as well as applicable World Bank policies and guidelines Date SPI sent to InfoShop April 3, 1998 This Summary of Project Information is prepared and distributed to the public in advance of consideration of the proposed transaction by the Corporations Board of Directors. It is provided for the purpose of enhancing the transparency of IFCs activities and should not be construed as presuming the outcome of IFC Board consideration. For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 974-4384 Bank Wlasnosci Pracowniczej (BWP) International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 AA - Commercial Banking - General Total: $6.99 million 4990000.00 2000000.00 4990000.00 Bank Wlasnosci Pracowniczej (BWP) 2000000.00 Bank Wlasnosci Pracowniczej (BWP) Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8197/bank-wlasnosci-pracowniczej-bwp XM-DAC-903-SPI-8198 International Finance Corporation Summary Of Project Information (SPI) Project Name Poland-Central Poland Fund (CPF) Region Europe Sector Project No008198 Projected Board DateMay 30, 1997 Company NameCentral Poland Fund (CPF) Technical Partner and/or Major Shareholders Lodz Management Group, Powszechny Bank Gospodarczy (Poland), Credit Suisse Investment Management (London) Project Cost Including proposed IFC investment US$30-50 million, including a US$5 million IFC equity investment. Location of project and Description of site Central Poland Description of Company and Purpose of Project The project consists of an equity investment of up to US$5 million for up to 15% of the total capital of the Central Poland Fund (CPF, the Fund). The Fund will seek to raise between US$30-50 million for direct equity investments in selected small and medium-sized enterprises (SMEs) that are either privately owned companies or to-be-privatized state companies that form part of the central Poland region Voivoids (municipality) privatization program. Environmental Category and Issues This is a Financial Intermediary (FI) category project according to IFC''s environmental review procedure. The Central Poland Fund will be required to undertake an environmental review of eligible investee companies'' operations. In addition, IFC will assess the Funds capability to carry out environmental reviews of each investee company. Date SPI sent to PIC March 28, 1997 For Additional Information contact: Corporate Relations Unit - telephone: (202) 473-7711 facsimile: (202) 676-0365 Central Poland Fund, L.L.C. International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 BA - Private Equity/Venture Cap Fund - Country Total: $5.00 million 5000000.00 5000000.00 Central Poland Fund, L.L.C. Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/8198/central-poland-fund XM-DAC-903-SPI-24531 International Finance Corporation The COOP-EST project entails the creation of a 30 million structured investment vehicle dedicated to providing senior and subordinated loans to micro and small businesses as well as to community-based projects in selected countries CEU region (Poland, Slovakia, the Czech republic, Hungary, the Baltic states, as well as countries of the former Yugoslavia). COOP-EST will be incorporated as a corporation under Belgian law. COOPEST aims to attract investments from cooperative banks and multilateral and social investors to reach, via multiple closings, a size of 30 million. The first closing is expected to be 15 million. COOP-EST will be set up as a three tier structured vehicle (the facility) comprised of three bond tranches, as per the following proposed characteristics: - Junior A notes for up to 6 million, representing 20% of the issue; - Mezzanine B notes for up to 9.0 million, representing 30% of the issue; and - Senior C notes for up to 15 million, representing 50% of the issue. The junior A notes will act as the first loss cushion and be fully subordinated to the B and C notes. The main sponsors (see below) will invest up to 8 million in the project, subscribing to all the A bonds and smaller portions of the B and C bonds. It is proposed that IFC invest up to 4 million in B notes alongside EBRD. The project sponsors have sought the support of Soficatra, a Belgian investment management and consulting company that specializes in project finance at the community level, financial engineering, and consultancy on mergers and acquisitions. Soficatra plans to invest 1.0 million, with the same allocation between A and C notes as the founding partners. - Investment Approach COOP-EST will provide the financing either directly to local financial institutions or through regional bank intermediaries (such as Bank BISE and its subsidiary TISE in Poland) that serve such local financial institutions. The risk retained by COOP-EST will be that of local financial institutions and regional bank intermediaries. Poland and Slovakia are expected to be among the first countries targeted by the fund. The overall geographic balance of the funds investment will depend largely on the existence of a sufficiently stable legal framework, as well as the existence of reliable and readily operational partners. Proposed exposure guidelines include a 15% single client exposure limit and a 15% single country exposure limit (with the exception of Poland). In addition, the proceeds of the facility are subject to limitations in terms of the type of beneficiary institution (bank or non-bank) and type of investment (equity or debt). - Fund Management COOP-EST will be managed by a steering management group which initially will be staffed by three key members. COOP-EST will also create regional offices both in Poland (TISE) and in Slovakia (VERNUS). These offices will be responsible for prospecting eligible projects, and TISE will have the added responsibility of undertaking the due diligence of all eligible projects. The management group will have at its disposal an investment committee consisting of recognized investment professionals. The back-office functions of COOP-EST would be managed by Soficatra in Belgium, which would be responsible for follow-up and reporting. The project has high development impact in terms of financial sector development, improved financial infrastructure and small scale entrepreneurial activity. The project would create a mechanism through which IFC can leverage its resources by a factor of five and provide a significant flow of financing to micro and small business banks that support the access of micro as well as small and medium sized entrepreneurs to credit and other financial services. The key development impacts would be to: - providing greater access to financing for underserved entrepreneurs; - supporting a financial infrastructure that facilitates the long-term access of micro and small business banks to sustainable sources of funding; - fostering the integration of microfinance institutions and cooperative banks into the mainstream financial sector; and - promoting of microfinance as a viable asset class to institutional investors. Coopest SA Yael Zlotowski Crédit Coopératif 33 Rue des Trois Fontanot BP 211 92002 Nanterre CEDEX Telephone: 33.1.47.24.83.39 Fax: 33.1.47.24.81.91 E-mail: yael.zlotowski@coopanet.com International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland COOP-EST will be located in Brussels, Belgium. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 HA - Microfinance and Small Business - Non Commercial Banking Total: $8.52 million 8520000.00 8520000.00 Coopest SA Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24531/coop-est-project XM-DAC-903-SPI-24606 International Finance Corporation The project comprises of an IFC equity investment of up to $7.0 million equivalent for shareholding of approximately 19% in the share capital of MWBank (the Bank); and an IFC sub-loan of up to $2.0 million to the Bank. MWBank, a new bank that will provide micro and small entrepreneurs with access to credit and other banking services is being established by Fundusz Mikro Sp. z o.o. (FM) a specialized for-profit microfinance institution based in Warsaw, Poland. The new deposit raising licensed and regulated commercial microfinance bank will be capitalized with an equity capital of PLN equivalent amount of up to $35.0 million. The development impact of this project is expected to be high and far reaching in terms of its economic support for productive micro and small enterprises, stimulus for employment generation and widening of the financial sector. The project is going to support the establishment of a commercially oriented sustainable entity that will serve micro and small businesses that otherwise lack access to the banking services. FUNDUSZ MIKRO SP Z O O Magda Dulczewska, President Fundusz Mikro Sp. Z.o.o. Ul. Solec 38, 00-394 Warszawa Telephone: 22 50 24 500 Fax: 22 50 24 502 International Finance Corporation +12024733800 ccspg@ifc.org www.ifc.org 2121 Pennsylvania Avenue, NW Washington DC 20433 Poland MWBank will operate across Poland. Its headquarters will be in Warsaw. Location description A description that qualifies the activity taking place at the location. 52.0000000000 20.0000000000 AC - Commercial Banking - Microfinance and Small Business Total: $32.04 million 26510000.00 5530000.00 26510000.00 FUNDUSZ MIKRO SP Z O O 5530000.00 FUNDUSZ MIKRO SP Z O O Please refer to the Environmental & Social Categorization Rationale tab in the project disclosure document, as well as the Mitigation Measures/Environmental and Social Action Plan tab when applicable. https://disclosures.ifc.org/project-detail/SPI/24606/fundusz-mikro-sp-mwbank