Green products offered by Bank Pekao S.A.

ECO housing loans APR 8.09%

The offer of Eco housing loans concerns housing loan applications with LtV up to 80%, where a collateral is a house credited, provided that at least one of the following installations is purchased/installed:

• solar collectors, 
• solar panels, including energy storage,
• heat pumps, 
• geothermal central heating boilers. 

By mortgage-loan – the fulfillment of this condition is verified based on the control of the appraisal report concerning the credited real estate constituting the collateral of the loan.

By construction and mortgage loan – the condition concerning the abovementioned installations must be stated in the cost estimate of construction works or cost estimate of renovation works (the cost estimate must obtain an approval by the Bank).

You will find more information on Eco housing loan HERE

The Annual Percentage Rate (APR) for the housing loan with variable interest rate is 8.37%. This calculation was made on February 27, 2024 on a representative example for a loan in PLN.

The Annual Percentage Rate (APR) for the housing loan with periodically fixed interest rate is 8.09%. This calculation was made on February 27, 2024 on a representative example for a loan in PLN.

The decision on granting a loan is based on the credit analysis and the assessment of creditworthiness of the Client.

This information concerns a loan in PLN and does not constitute an offer in the meaning of the Article 66 of the Civil Code.
This offer is valid till March 31, 2024.

* variable interest rate is 7.68%
** periodically fixed interest rate for a period of 5 years is 7.15% yearly

EKO PEX 

Offer of Express Loan (Pożyczka Ekspresowa), APR 14.95%, supporting financing of eco-friendly consumer investments. The loan may be used to finance the expenses connected to purchase or installation of:

• renewable energy sources: solar collectors, solar panels including energy storage,  
• central heating boilers (excluding coal and eco-pea boilers), heat pumps and geothermal heating,
• windows, doors and house or roof insulation,  
• electric or hybrid cars and motorbikes, as well as electric scooters and bikes
• individual wastewater treatment plants,
• ventilation systems with heat recovery, ¬ 
• domestic water treatment stations,
• rainwater recovery systems.

The loan may also be used for refinancing of expenses already incurred.

You will find more information on EKO PEX HERE

This offer is valid till March 31, 2024.
The decision on granting a credit is based on the assessment of creditworthiness of the Client. This information does not constitute an offer in the meaning of the Civil Code.

Loan with Biznesmax Plus gurantee with up to 20% EU funds subsidy

Loan secured by Biznesmax Plus guarantee is an innovative financial solution, designed to help SMEs and mid-caps carry out their ambitious investment projects and support their needs concerning their cashflow in every phase of their operations.

The subsidy may be used for innovative, eco-friendly or digital transformation projects.

You will find more information on Biznesmax Plus loan  HERE

The decision on granting a loan is based on the assessment of creditworthiness of the Client. 
This information does not constitute an offer in the meaning of the Civil Code.

Investment Loan with Ekomax gurantee with up to 20% EU funds subsidy

Investement loan with Ekomax guarantee, available due to cooperation with Bank Gospodarstwa Krajowego, is an innovative financial solution supported by the Green Guarantee Fund within the European Funds for Modern Economy Program.

Ekomax guarantee is a free of charge loan repayment guarantee for SMEs, supporting investments in energy efficiency i.a. thermal modernization or renewable energy sources.

You will find more on Ekomax loan HERE 

The decision on granting a loan is based on the assessment of creditworthiness of the Client. 
This information does not constitute an offer in the meaning of the Civil Code.
   

Ecological loan FENG

An ecological loan can be used for investments aimed at increasing energy efficiency by modernizing a given company's infrastructure with a subsidy of up to 80%.

Ecological credit can be used for:

• modernization of existing infrastructure (e.g. buildings, machines and devices).

The effect of modernization must be a reduction in primary energy consumption in the modernized area by at least 30% compared to current consumption.

Enterprises willing to use the Ecological loan must fulfill the following requirements:

• carry out their operations within the territory of Poland (confirmed by entry in a relevant register)
• fulfill the requirements for micro-, small- or medium-sized enterprise according to the provisions of Commission Regulation 651/2014,
• have creditworthiness.

A subsidy may concern the following expenses connected to an ecological investment:

• acquisition of fixed assets,
• purchase of constructions materials and works,
• acquisition of intangible assets in form of patents, licenses, know-how and other intellectual property rights,
• leasing instalments,
• studies, expert opinions, concepts and technical projects connected to the project carried out prepared by external consultants.

The loan is offered within the European Funds for a Modern Economy Program 2021-2027. The recruitment of applications for funding lasts from October 17, 2024 to January 31, 2025. Planned amount of funding: PLN 660 million.

You can read more about the conditions for using the FENG ecological loan HERE

The decision on granting a loan is based on the assessment of creditworthiness of the Client. 
This information does not constitute an offer in the meaning of the Civil Code.

Financing sustainable projects

The Bank’s offer includes financing of green projects, i.a. renewable energy sources, ecological construction, low-emissions transportation, recycling. Additionally, the Bank engages itself in projects that have a significant social impact, like investments in education through schools, development of medical infrastructure (hospitals) or modernization of water and sewage infrastructure or other local government projects.

The bank offers a wide variety of financing possibilities, including:

• project finance – loans are granted to a special purpose vehicle, which goal is to carry out a large sustainable project e.g. building a wind farm,
• targeted investment financing – investment loans that may be used to finance ESG-related projects, e.g. purchase of low-emission vehicles to increase the value of fixed assets,
• real estate financing – investment loans aimed to finance construction or development of real estates such as commercial facilities and shopping malls, office buildings, warehouses, distribution centers or residential facilities which fulfill the sustainability criteria,
• general financing – loans granted based on sustainable development-related KPIs.

Sustainable Finance Framework

In 2023, Bank Pekao published the Sustainable Finance Framework. It defines categories of projects which can be financed from the proceeds from the green or sustainable bonds issued by the Bank. Projects funded under the Sustainable Finance Framework include the following categories: renewable energy, sustainable construction, clean transportation, energy efficiency, sustainable water and wastewater management, pollution prevention and control, accessible basic infrastructure, access to basic services: health care. In order to be fully transparent, it also includes a description of the process of review and selection of projects, management of funds and allocations of resources, and rules for reporting allocations and environmental and social impacts.

In 2023, Bank Pekao issued 500 its own green bonds worth EUR 500 mln.

You will find more information on Sustainable Finance Framework HERE

Organization of ESG-related bonds issue

Bank Pekao actively participates in organization and offering to market investors of issue of ESG bonds of its corporate clients. 

Among ESG bonds issues organized by Bank Pekao were the following:

• green bonds and sustainability bonds that require preparing framework for green/sustainable financing and acquiring opinion of an external environmental auditor (SPO, second party opinion),
• sustainability-linked issues, where the issuer, in the terms of bond issue, sets KPIs concerning e.g. environmental protection, which must be achieved in the bond redemption period,
• ESG-rating linked bonds, where the margin is increased if an ESG rating granted by an external rating agency deteriorates.

Additionally, Bank Pekao supports issuers for whom it organizes bond issues in preparation for green/sustainable bond issues by, i.a. helping in structuring ESG Financing Framework/Green Bond Framework, helping in choosing the appropriate KPIs or supporting the issuers in the talks with the auditor preparing an SPO.

Consortium financing

By operating in consortium, the Bank participates in many financing projects based on KPIs. These activities arise from the ESG Strategy, in which the Bank undertakes to increase its engagement in financing sustainable projects and to support energy transformation of its Clients. The KPIs must be linked to sustainable development goals, and the Sustainable Performance Targets set must be ambitious and measurable. In the case of such instruments, loan margin is predominantly dependent on the achievement of the targets set, and the Borrower is obliged do report on the KPIs and SPTs achieved yearly.

In 2023, the largest consortium financing projects concerned:

• Construction of a tramway line in Cracow,
• ESG rating linked loan for the purpose of reducing emissions and increasing energy production from renewable sources,
• Development of a plant producing battery separators for electric vehicles,
• Construction of a wind farm

In order to gain more information on our products and activities concerning ESG issues, please contact our dedicated Customer Advisor.