The European Investment Bank (EIB) and Pekao Leasing have signed a loan agreement worth EUR 68 million to support the sustainable development of small and medium-sized enterprises (SMEs), the company announced.
“Supporting climate protection and sustainable development activities is a key priority of the EIB, and the agreement with Pekao Leasing is a significant step in this direction. Thanks to this financing, Polish SMEs have the opportunity to develop their green investments, thereby increasing their competitiveness on the domestic and international markets,” said Teresa Czerwińska, Vice-President of the EIB, quoted in the release.
20% of the total investment amount will be allocated to ecological projects, it was also announced.
“Peko Leasing has very good experience in cooperation with international financial institutions. We use the funds obtained mainly to finance investments of enterprises from the SME sector, in particular to meet their needs in the modernization of machinery. In light of the dynamic increase in financing provided to clients by Pekao Leasing in recent quarters, we are convinced that the funds we obtained from the EIB will quickly reach Polish entrepreneurs, especially those planning investments aimed at reducing CO2 emissions and increasing energy efficiency in production processes. ” – said Krzysztof Zgorzelski, president of Pekao Leasing.
In 2022, the EIB Group provided EUR 695 million in financing to Polish SMEs, supporting 69,192 enterprises and maintaining 650,888 jobs. In the years 2018-2022, the EIB Group’s support for companies in Poland amounted to EUR 7.03 billion, it was also recalled.
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States.
Bank Pekao is part of the PZU group – the largest financial group in Central and Eastern Europe. The bank has been listed on the Warsaw Stock Exchange since 1998; is included in the WIG20 index. The bank’s total assets amounted to PLN 281.14 billion at the end of 2022.