Raiffeisen Bank Polska will receive a huge Ђ165(PLZ692)m loan from a consortium of 17 foreign banks.
The bank's president, Piotr Czarnecki, said the money will be spent on credit for medium-sized enterprises.
The Polish unit of Austrian bank Raiffeisen secured a Ђ165m syndicated loan to finance its growth in small-and medium-sized enterprise (SME) lending, Raiffeisen Polska President Piotr Czarnecki told.
Poland's largest non-banking factoring company, Eurofaktor, has completed subscriptions for its Warsaw Stock Exchange debut, set to take place within the next fortnight.
The Sejm has begun work on a bill setting up a National Capital Fund (KFK) to support small-and medium-sized enterprises (SMEs).
GMAC Commercial Finance (GMAC CF) has today announced its success in securing six commercial finance deals in Poland, worth over Ђ18 million (78.8 million Polish Zloty).
Eurofaktor, Poland's fifth-largest factoring company, will debut on the Warsaw Stock Exchange in December 2004 after completing institutional subscriptions during the company investment road show, which is set to start in the second half of Novemb
KUKE, the Polish export credit insurance agency, has collected contributions worth nearly ZL64m over the first three quarters of the year, a 14 per cent increase on the same period in 2003.
Since the beginning of the year up to the end of September, 164 foreign entities announced, or actually carried out investments worth US$4.4bn.
Eurofaktor, Poland's biggest non-banking factoring company, was one of six new companies to enter the Warsaw Stock Exchange on Friday.
In Poland, the number of companies that insure their trade debts is growing. But, compared to Western countries, this number is still low.
