📋 Tender Overview
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
Status: Pending Approval
Department: CN6EU - Regional Industry INF LAC & EUR/INF Europe
Industry: Financial Institutions
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).
Total Project Cost and amount and nature of IFC's Investment:Under the proposed RPF, IFC will risk participate on a pro-rata basis in the principal amount of renewable energy project finance loans originated and booked by the Bank. For this investment, IFC exposure will be up to PLN 950 million (US$ 235 million equivalent).
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
