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EBRD supports Polish leasing sector |
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Loans to BZ WBK leasing companies
The EBRD is supporting the Polish leasing market by providing two multi-currency loans of €25 million each to BZ WBK Leasing and BZ WBK Finanse&Leasing. The two companies are leasing subsidiaries of BZ WBK, Poland’s third largest bank in terms of assets.
The EBRD loans will be provided in euro and złoty and come under the Bank’s response to the global financial crisis which has lead to a significant increase of the EBRD’s activities. The loans will allow the BZK leasing companies to continue providing medium- and long term lease financing to small and medium-sized enterprises (SME) in Poland despite current liquidity and funding constraints.
BZ WBK Leasing and BZ WBK Finanse&Leasing are focused on the SME sector in Poland and operate mainly through the extensive BZ WBK branch network. This has allowed the company to become the fourth largest leasing business in a rapidly expanding market in recent years.
Source and full text:http://www.ebrd.com/new/pressrel/2009/090526.htm
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