PKO BP co-finances the expansion of the SK HI-Tech Battery e-car battery separator factory

PKO Bank Polski co-finances the expansion of the SK HI-Tech Battery Materials Poland factory, which produces separators used in the production of lithium-ion batteries for electric cars, the bank announced. The total loan amount is USD 300 million, of which PKO BP’s share is USD 50 million. Other institutions participating in the consortium include International Finance Corporation, Intesa Sanpaolo and Bank Pekao.

The factory belonging to SK HI-Tech Battery is located in Dąbrowa Górnicza and is the company’s only plant in Europe.

“Co-financing SK HI-Tech Battery Materials Poland is not only support for development in the area of innovation, but also another green financing that is part of the strategy of PKO Bank Polski. With the dynamic development of the new technology industry, we see great potential in financing such innovative projects. We believe that thanks to cooperation with SK HI-Tech Battery Materials Poland, we have a real impact on improving the condition of the local economy, and thus increasing Poland’s competitiveness on the international arena, said Andrzej Kopyrski, vice-president of PKO BP, who supervises the Corporate and Corporate Banking Area and Corporate Banking. in the message.

SK HI-Tech Battery Materials Poland is one of many companies belonging to the Korean concern SK ie technology Co. Ltd. – the second largest concern in South Korea. The group operates in the energy, petrochemical, telecommunications, electronics and e-mobility industries.

PKO Bank Polski is the leader of the Polish banking sector. The bank’s shares have been listed on the Warsaw Stock Exchange since November 2004; is included in the WIG20 index. Total assets of the bank amounted to PLN 431.45 billion at the end of 2022.

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