BNP’s Polish arm inks capital relief trade with EIB

poland_fotolia_230x150
By David Bell
21 Dec 2017

BNP Paribas’s Polish subsidiary, Bank BGŻ BNP Paribas, has closed a Z341m (€81m) securitization of loans to Polish small and medium sized enterprises, with the European Investment Bank buying the mezzanine tranche.

The deal is aimed at freeing up capital for the bank to lend to more Polish SMEs and mid-cap firms. The European Investment Bank Group, which consists of the European Investment Bank and the European Investment Fund, will buy the mezzanine slice to further this aim.

The deal ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial