PROJECT

Projects

Summary of Investment Information

Project Number

49074

Company Name

Santander Bank Polska S.A.

Date SPI Disclosed

Sep 25, 2024

Country

Poland

Region

Europe

Projected Board Date

Oct 25, 2024

Environmental Category

FI-2 - Limited

Status

Pending Approval

Last Updated Date

Sep 25, 2024

Department

CN6EU - Regional Industry INF LAC & EUR/INF Europe

Industry

Financial Markets

Sector

Commercial Banking - Risk Mgmt Facility

Project Description

 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).

Associated Advisory Engagement

  N/A                                                 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation