First transaction on the Romanian market for PKO Bank Polski’s foreign corporate branch – a syndicated financing agreement of approx. EUR 350 million

The Romanian branch of PKO Bank Polski has signed a syndicated financing agreement with Distributie Energie Oltenia, one of the four largest power distribution system operators in Romania. „This is the first transaction of the new foreign branch, which started operating on 1 January this year.” – according to the press release.   

„I am glad that we have gained the trust of a company from the Romanian market. We would like to thank our client for the opportunity to participate in one of the largest sustainability-related financings ever granted on the Romanian market. We are ready to support and finance companies in the local market, as this transaction just proves it. We are strongly focused on supporting Polish companies that operate in the local market,” –  said Jan Majewski, Director of PKO Bank Polski Varșovia, Sucursala București.

The transaction aims to refinance existing debt and also provide RON 1.76 billion (approx. EUR 350 million) of financing for additional investments over the next 7 years. Key areas of investment include expanding and strengthening the distribution network to facilitate renewables connections for prosumers, upgrading and automating the network to reduce the frequency and duration of power outages, and digitalisation to enable better management of electricity distribution.

In addition to PKO Bank Polski, the lending consortium includes eight local and international financial institutions.

The launch of operations in Romania is part of PKO Bank Polski’s Strategy for 2025-2027 in terms of foreign expansion. PKO Bank Polski S.A. Varsovia, Sucursala Bucuresti wants to be the first choice bank for Polish companies operating on the Romanian market and a gateway for Romanian companies entering the Polish market. The branch in the Romanian capital is the fourth foreign corporate branch of PKO Bank Polski, after Frankfurt am Main, Prague and Bratislava.

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PKO Bank Polski is the largest bank in Poland, and institution with over 100 years of tradition. The bank provide financial services to more than 12 million individual, business, corporate and local government customers. Thanks to the IKO application, th company says that is the most mobile bank in Poland.

„Every second we settle in over 30 transactions by IKO. We process around one million inbound and outbound transfers every day. We are in 314 counties, and 75% of Poles have less than 5 km from home to us. The expansion of our clients is supported by the bank’s corporate branches in Germany, Czech Republic, Slovakia and Romania.”

PKO Bank Polski Capital Group provides „the most comprehensive offer of financial services in Poland”. It includes, among others, a company operating in the leasing, pension insurance, investment funds and factoring. The stock market capitalization of PKO Bank Polski at the end of 2024 amounted to PLN 74.7 billion.