trending Market Intelligence /marketintelligence/en/news-insights/trending/zmlwa0zg5mhhp36ehplx3q2 content esgSubNav
In This List

Commerzbank's Polish unit to offer financing for clean energy projects

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Commerzbank's Polish unit to offer financing for clean energy projects

Poland-based mBank SA plans to increase its financing of ecological initiatives with a new lending policy for wind farms and solar projects.

The bank will initially earmark about 500 million Polish zlotys to finance initiatives carried out under the Polish support scheme for renewable energy sources, and priority will be given to projects whose owners and operators have experience in the renewable energy sector.

Some of the projects will be carried out jointly with mBank's parent Commerzbank AG, which has significant experience in this area in Europe, the Polish lender said Dec. 13.

MBank is not the only Polish lender involved in supporting ecological initiatives, Parkiet said Dec. 13, noting that ING Groep NV unit ING Bank Śląski SA, Bank Ochrony Środowiska SA, Alior Bank SA and DNB Bank Polska SA have also implemented policies supporting renewable energy solutions.

As of Dec. 13, US$1 was equivalent to 3.78 Polish zlotys.