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
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.
Updates
The following updates to this measure have been made after it came into effect.
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12 July 2023
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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.
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Use of measure
No data to report at the moment.
Target groups
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Workers
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Businesses
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Citizens
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Does not apply to workers
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Larger corporations
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Does not apply to citizens
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Actors and funding
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Actors
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Funding
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EU (Council, EC, EP)
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National funds
Other
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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Unknown
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Unknown
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
-
No involvement
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Main level of involvement: Unknown
Involvement
Unknown.
Views and reactions
Unknown.
Sources
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15 April 2022: Bill ratifying the creation of the Crisis Guarantees Fund (FGK)
(isap.sejm.gov.pl)
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24 August 2022: BGK article on bigger financial support package for companies
(www.bgk.pl)
