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The Warsaw Voice » Business » May 22, 2014
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BGK bank to sign another PLN 1bn deals within "Polish Investments" program
May 22, 2014   
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Poland's state-owned special purpose bank BGK is negotiating PLN 1 billion worth of agreements within the Polish Investments program and hopes to sign them at the turn of May and June, BGK CEO Dariusz Kacprzyk said on Wednesday.

"We are in the final stage of talks with investors," Kacprzyk told PAP Polish news agency. "I believe that at the turn of May and June we will add another PLN 1 billion to the Polish Investments program."

A part of the financing will go to the fuel & energy sector, Kacprzyk said.

BGK has so far signed PLN 4 billion worth of credit deals this year, on top of PLN 5.5 billion signed last year, putting the grand total to nearly PLN 10 billion, the official said.

BGK wants to move beyond the energy sector and reach out to chemicals, as well as non-coal heat-and-power projects, Kacprzyk also said.

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