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Report: Poland's PKO Bank to curb financing for coal projects

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Report: Poland's PKO Bank to curb financing for coal projects

Poland's largest lender PKO Bank Polski SA plans to reduce its share in the financing of coal-based projects, Rzeczpospolita reported April 10, citing the lender's deputy head Jakub Papierski.

The executive said that the structure of financing for the coal industry will change, with banks being gradually replaced by financial market instruments, such as bonds.

Papierski also said he expects a considerable demand for loans and financing from corporate clients in 2019, with the biggest growth most likely to be seen in the segments of leasing, factoring and working capital loans.