The European Investment Bank (EIB) has granted a €50m ($57.9m) loan to Credit Agricole Bank Polska to bolster green financing for Polish businesses.
This initiative aims to facilitate up to €100m in new loans.
Go deeper with GlobalData
At least 30% of the funds from this EIB loan will be allocated to Polish Mid-Cap investments that contribute to climate change mitigation and promote environmental sustainability.
The agreement will focus on supporting projects in Poland’s cohesion regions where per capita income is below the European Union (EU) average.
Mid-Caps, defined as companies employing between 250 and 3,000 people, often face challenges in securing investment financing.
Under this new agreement, these businesses will have access to competitive loans and credit lines for projects capped at €25m.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataEligible investments include solar and biogas installations, electric vehicles, and energy-efficient building upgrades.
EIB vice-president Teresa Czerwińska said: “We are supporting Polish Mid-Caps’ energy transition with steps ranging from developing renewable energy to improving energy efficiency.
“In providing strategic resources to Mid-Caps, we want to encourage more private investors to engage with this important segment of the market.”
Credit Agricole Bank Polska will offer loans with favourable terms, including interest rates at least 25 basis points lower than market rates, backed by the EIB.
The partnership aligns with the objectives of RePowerEU, a programme aimed at reducing the EU’s dependence on Russian fossil fuels and underscores the EIB’s role as the EU’s climate bank.
Part of the Credit Agricole Group, Credit Agricole Bank Polska has been present in Poland since 2001 and is a key player in supporting the country’s energy transformation.
The bank offers a comprehensive range of credit products for financing green investments, including Green Loans with EU subsidies and other environmentally focused financial services.
The EIB and Credit Agricole have a history of supporting business growth and financing projects across France, Italy, and Poland in areas such as the energy transition and digitisation.
Last year, the EIB Group, which includes the European Investment Fund (EIF), signed nearly €89bn in new financing for more than 900 projects, with nearly half directed towards cohesion regions in the EU.
In Poland, the EIB committed €5.7bn to new investments last year, with a significant portion supporting climate and environment projects.
Credit Agricole Bank Polska senior country officer and vice-president Bernard Muselet said: “The partnership between the EIB and Crédit Agricole is a response to the growing needs of entrepreneurs who want to make an energy transition and plan to implement sustainable business practices.
“It is a step towards a more responsible economy that is based on innovation and long-term growth.”
