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Eurofound's EU PolicyWatch collates information on the responses of government and social partners to the COVID-19 crisis, the war in Ukraine, rising inflation, as well as gathering examples of company practices aimed at mitigating the social and economic impacts.

Factsheet for measure PL-2022-36/2792 Updated – measures in Poland

Bank guarantees for companies from the Polish national development bank

Gwarancje bankowe z Funduszu Gwarancji Kryzysowych BGK

Country Poland , applies nationwide
Time period Temporary, 01 September 2022 – 31 December 2023
Context War in Ukraine
Type Other initiatives or policies
Category Supporting businesses to stay afloat
– Access to finance
Author Jan Czarzasty (Warsaw School of Economics)
Measure added 05 September 2022 (updated 17 July 2023)

Background information

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.

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

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. €5.48 trillion). The new total of the fund amounts to PLN 30 billion (€6.7 trillion). The budget will remain at this size until the end of 2022.

BGK will guarantee up to 80% of the loan, the maximum amount of the help per case is PLN 200 million (€44.7 million) and the maximum amount of the loan is PLN 250 million (€55.9 million). The maximum length of the guarantee is six years.

Medium and large companies are the primary targets of this measure and are eligible to apply for guarantees.


The following updates to this measure have been made after it came into effect.

12 July 2023

Initially, the end date of the measure was 31 December 2022. The applicability of the measure has been extended to 31 December 2023 because of long-lasting impacts of the COVID-19 pandemic and war in Ukraine.

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

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



Views and reactions



  • 15 April 2022: Bill ratifying the creation of the Crisis Guarantees Fund (FGK) (
  • 24 August 2022: BGK article on bigger financial support package for companies (


Eurofound (2022), Bank guarantees for companies from the Polish national development bank, measure PL-2022-36/2792 (measures in Poland), EU PolicyWatch, Dublin,


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Disclaimer: This information has not been subject to the full Eurofound evaluation, editorial and publication process.