Juncker Plan supports Polish businesses with record European Investment Bank Group deal
PKO Leasing, the largest leasing company in Poland, launched today the largest securitisation transaction on the Polish market with the support of the European Investment Bank Group and the Juncker Plan. The company sold PLN 2.5 billion (€575 million) of asset-backed securities to a pool of international investors, which includes the EIB Group, Citi Bank and others. The transaction will contribute to improving access to finance for Poland’s micro-enterprises, SMEs and mid-cap companies across all sectors. The EIB Group is providing PLN 1.93 billion (€446 million) in total, of which PLN 640 million (€148 million) is guaranteed by the Juncker Plan’s European Fund for Strategic Investments. Elżbieta Bieńkowska, European Commissioner for Internal Market, Industry, Entrepreneurship and SMEs, said: “This agreement will make a big difference for thousands of emerging and growing businesses in Poland in need of financial support. Under the Juncker Plan, already more than 55,000 Polish SMEs and startups are benefitting from improved access to finance. SME employment in the EU is on the rise and we need to continue to give a helping hand so that these small companies flourish and create more jobs.” A press release is available here. As of September 2019, the Juncker Plan has mobilised €433.2 billion of additional investment, including €18.7 billion in Poland. The Plan is currently supporting 972,000 small and medium businesses across Europe.