Poland, EIF and BPH Sign Guarantee Agreement to Support SMEs

The European Investment Fund and Bank BPH S.A. have signed a three-year guarantee agreement under the Competitiveness and Innovation Framework Programme (CIP) helping to provide enhanced access to finance for Small and Medium sized enterprises (SMEs) in Poland.
Within the framework of the agreement, over 700m zlotys (approximately €150m) of additional lending (guaranteed under the CIP) will be available to support new and existing.
Bank BPH S.A., a Polish universal bank and member of the GE Capital Group, will provide SMEs with a new product – the Simplified Investment Loan – and two existing products – the Auto Loan and the Investment Loan.

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