Loans granted to Poland by the European Investment Bank (EIB) totalled EUR 5.042bn in 2017, a year-on-year increase of 13%. Including the EUR 358.2m in equity investments and guarantees granted by the European Investment Fund (EIF), the EIB Group’s overall engagement in the Polish economy amounted to EUR 5.42bn,

making Poland the fifth-largest recipient of EIB financing, after Italy, Spain, France and Germany. In particular, Poland managed to roll out the Investment Plan for Europe, with EUR 1.1bn of operations guaranteed by the European Fund for Strategic Investments (EFSI).

“2017 was an excellent year for the EIB in Poland, with high lending volume and a well-diversified loan portfolio”, commented Vazil Hudák, Vice-President of the European Investment Bank, who oversees operations in cohesion countries including Poland. “The European Union bank has continued to finance not only large infrastructure projects, namely rail and roads, but also high value-added projects in RDI and smart development such as the Krakow Intelligent and Sustainable Development project. We also supported a wide number of Polish municipalities’ modernisation plans, contributing to cohesion goals and better living standards across the country. Also of note is our financing of large corporates' investment plans and our provision of affordable funds to SMEs to spur their growth.”

In keeping with previous years, the EIB committed over half of its loans (EUR 2.65bn) to modernising the public sector including transport networks and infrastructure upgrading, cities' development projects, education and research. EUR 1.54bn of intermediated lending went to banks and leasing companies, which on-lent the funds to mid-caps and SMEs, while around EUR 850m was borrowed by corporates and energy groups. Lending volume to banks, leasing companies, corporates and energy groups was up year on year, showing positive demand trends outside the public sector also. 

Rolling out the Investment Plan for Europe.  As part of the EIB Group’s activity, financing under the EFSI, a central element of the Investment Plan for Europe (“IPE” or “Juncker Plan”), helped unlock more investment opportunities in projects that would otherwise find it hard to get financed due to their higher risk or innovative aspect. EFSI operations amounted to EUR 1.1bn in 2017, which was a record year for EFSI operations with Polish banks, with EUR 696m of loans signed (45% of total lending to banks) compared to EUR 150m in 2016. “More risk sharing with Polish banks means more funds being made available to Polish companies and SMEs for their innovative projects and development. That's precisely the aim of the Juncker Plan – to spearhead investments in the European economy”, said EIB Vice-President Vazil Hudák.

 

Total EFSI approvals in Poland as at 31 December 2017 (since the launch of the IPE) amounted to EUR 2.56bn, helping trigger close to EUR 9bn of EFSI-related investments in the country.

EN IT