The Marguerite Fund was established in 2009 for 20 years and currently implements investment projects such as green-field and brown-field in the energy and the road sector in Poland and other European Union countries.
In the PKO Bank Polski SA Group, funds to cover the needs arising from the development of business operations, including the financing of projects relating to the small and medium enterprises segment, are also raised via international cooperation. The Bank raises funds on foreign financial markets, i.a. through loans from international financial institutions (i.a. the Council of Europe Development Bank and the European Investment Bank). As part of the transaction of acquisition of Nordea Bank Polska SA’s assets, financing from Nordea Bank AB (publ) on acquired housing loans denominated in foreign currencies was obtained. As at the end of 2014 total financing of the Group in the form of loans received from financial institutions amounted to approx. PLN 21.1 billion and included funds denominated in PLN, EUR, CHF and USD.
At the same time PKO Bank Polski SA participates in ‘The 2020 European Fund for Energy, Climate Change and Infrastructure’ (the ‘Marguerite Fund’) project, where increased its capital involvement in the above mentioned fund from EUR 35 650 thousand as at the end of 2013 to EUR 39 150 thousand as at the end of December 2014. PKO Bank Polski SA takes part in the above mentioned project as the only Bank operating in one of the new European Union members which was awarded the status of ‘Core sponsor’. The Marguerite Fund was established in 2009 for 20 years and currently implements investment projects such as green-field and brown-field in the energy and the road sector in Poland and other European Union countries.