Profil:
Bank Gospodarstwa KrajowegoBGK grants nearly PLN 230.2 bln in 'de minimis' guarantees by end-October
Polish development bank BGK has granted PLN 230.190 billion (EUR 53.1 bln) in guarantees under the state programme of 'de minimis' credit guarantees by the end of October, up by PLN 2.7 billion (EUR 623.2 mln) from September, BGK's data showed.
The guarantees translated into PLN 354.115 billion (EUR 81.7 bln) loans issued to companies.
288,955 companies have taken out loans within the programme since its launch in March 2013, BGK reported.
The 'de minimis' programme is aimed at providing co-guarantees for loans for small- and medium-sized enterprises, taking some of the risk burden away from the commercial banks. It has been operating since 2013.
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