POLAND: The CEB partners with PKO BP in favour of SMEs

6 December 2010

WARSAW - PKO Bank Polski SA (PKO BP), represented by Mr Zbigniew Jagiełło, President of the Management Board, and the Council of Europe Development Bank (CEB), represented by Mr Imre Tarafás, Vice-Governor, have signed a loan agreement worth 150 million euros.

By virtue of this agreement, the CEB will provide PKO BP, the largest universal bank in Poland, with financial support to be channelled in the form of loans to small and medium sized enterprises throughout the country. 

The CEB resources will be allocated to productive investment undertaken by Polish SMEs, including micro ones, thereby contributing towards their strengthening and development, with expected positive consequences on the preservation and creation of viable jobs. 

This new agreement between the CEB and PKO BP follows in the footsteps of a similar 100 million euros agreement between the two institutions, successfully completed in early 2010.

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