Background information

The Crisis Guarantees Fund (FGK) was initially created in April with the budget of PLN 5.5 billion (€1.2 billion).

Bank Gospodarstwa Krajowego (BGK) provides funds to provide a guarantee for bank loans for enterprises and factoring contracts. The funds can be used to improve liquidity and invest. The loan or a factoring contracts in any currency are eligible.

Legal reference: Ustawa z dnia 12 marca 2022 r. o pomocy obywatelom Ukrainy w związku z konfliktem zbrojnym na terytorium tego państwa, art 21b.

Content of measure

Bank Gospodarstwa Krajowego (BGK) increased the budget of bank guarantees to companies by PLN 24.5 billion (approx. €5.2 billion), now amounting to PLN 30 billion (€6.4 billion) until the end of 2022. Medium and large companies are eligible to apply for guarantees.

BGK will guarantee up to 80% of the loan, the maximum amount of the help per case is PLN 200 million (€42.6 million) and the max amount of the loan is PLN 250 million (€53.2 million). The maximum length of the guarantee is 6 years.

Use of measure

No data to report at the moment.

Target groups

Workers	Businesses	Citizens
Does not apply to workers	Larger corporations	Does not apply to citizens

Actors and funding

Actors	Funding
EU (Council, EC, EP)	National funds Other

Social partners

Social partners' role in designing the measure and form of involvement:

	Trade unions	Employers' organisations
Role	Unknown	Unknown
Form	Not applicable	Not applicable

Social partners' role in the implementation, monitoring and assessment phase:

• No involvement
• Main level of involvement: Unknown

Involvement

Unknown.

Views and reactions

Unknown.

Sources

• 15 April 2022: Bill ratifying the creation of the Crisis Guarantees Fund (FGK) (isap.sejm.gov.pl)
• 24 August 2022: BGK article on bigger financial support package for companies (www.bgk.pl)