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The Warsaw Voice » Business » July 4, 2014
Innovative Poland
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Bank Pekao SA: Trusted Partner for Local Government
July 4, 2014   
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The public sector, including local governments, holds a special place in the philosophy of Bank Pekao SA. The bank can see huge potential in working with local government authorities and it realizes what special needs they have and knows how to meet these needs effectively.

Bank Pekao SA is the first bank in Poland to have established a separate division tasked with providing specialist support to the public sector. A division in charge of the public sector at the bank’s headquarters is a guarantee that granting loans is a fast and effective process and public sector entities are given priority treatment.

Over the past several years, we have witnessed unprecedented investment in public infrastructure, made possible by EU funds and Poland’s preparations for the Euro 2012 soccer championships. This high investment has created high demand in the public sector for banking services designed specifically to prepare and finance major projects. The number and kind of transactions Bank Pekao SA has handled in the process have confirmed and consolidated the bank’s position as the undisputed leader in terms of services offered to public sector clients. Bank Pekao SA has also been highly successful in structuring the public sector’s investment projects.

Bank Pekao SA is the market leader in terms of:
- day-to-day budget services for Poland’s largest cities and provinces
- structuring and financing infrastructure projects carried out by local governments.
It is also one of the top banks that finance the budgets of the largest districts and provinces in Poland.
Bank Pekao SA tops the following statistics:
- The highest number of Poland’s largest cities to which it provides a day-to-day budget service. Bank Pekao SA provides this service to every other metropolis in Poland, including Białystok, Gdańsk (since May 2011), Cracow, Lublin, Rzeszów and Bydgoszcz.
- The largest number of revenue bond issue transactions handled in Poland. Bank Pekao SA co-organized Poland’s first revenue bond issue program (Municipal Water and Sewerage System in Bydgoszcz in 2005). In 2013 alone, the bank handled 54 municipal bonds issues, including the two largest ones in Poland, in ŁódĽ and Cracow.
- In 2013 alone, financing for new transactions in the public sector totaled zl.2.6 billion, with 245 new loan agreements, including the public sector’s largest loan transaction for the city of Poznań.
- Innovative financing options for investment projects, such as long-term forfaiting (financing for a stadium built in Gdańsk for the Euro 2012 championships, financing for the purchase of new buses, etc.).
- Financing for key infrastructure projects: six of Poland’s nine regional airports, four stadiums and road, tramway and railway infrastructure in cities.

Bank Pekao SA has been working hard to enhance the quality of the products and services it offers to the public sector and it has also been successful in its search for new tools to support local governments. The bank joins many initiatives undertaken by local authorities. This includes taking part in meetings of the Union of Polish Metropolises. The bank is also involved in initiatives taken by other institutions such as the Polish Bank Association.
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