BGK has acquired crucial backing for the defence sector

polska-zbrojna.pl 1 month ago

Bank Gospodarstwa Krajowego (BGK) acquired financing on the global marketplace for the implementation of the strategical defence contract for Poland. Support for the defence sector is 1 of the priorities of BGK's activities as a Polish improvement bank.

BGK present signed credit agreements with Banco Santander S.A., Santander Bank Polska S.A. and Korean improvement bank KEXIM (Korea Export-Import Bank). Korean export agencies KSURE (Korea Trade Insurance Corporation) and KEXIM provided insurance and warrant support to transactions. The financing arranged by the Santander Group will service to implement the contract which the Armed Forces Agency has concluded with Korean Hyundai Rot Co. August 1 of this year. The value of the contract amounts to about $6.5 billion and concerns the transportation of the K2 weapon strategy with technology transfer and logistics package.

- present Poland is set as a model in defence financing in Europe and in the world. BGK, as a improvement bank, plays a leading role. I am arrogant that we have managed to get attractive long-term financing on the global market. This allows us to reduce the cost of debt and optimise commitments over the long term. I am pleased that we have full knowing and support of our abroad partners here. This allows us to effectively rise funds for the implementation of strategic, national security, arms contracts. BGK is among the European leaders of defence finance and resilience of the state - Prof. Marta Postula, First Vice president of BGK.

RECLAMA

"I am pleased that our bank can participate in financing 1 of the key defence projects. This is another example of fruitful cooperation with Bank Gospodarstwa Krajowego, based on common trust and partnership. Thanks to the intensive work of the experts of both institutions, in a very short period of time, we have reached an agreement that will let the FWSZ to supply crucial financial resources and at the same time enable our bank to get a long-term and reliable partner. We stay open to further cooperation in financing projects strengthening the defence possible of our country, as in the current realities there is no more crucial task than ensuring Poland's safety - Michał Gajewski, president of the Board of Santander Bank Polska.

The funds raised by BGK will fund the Armed Forces Support Fund (FWSZ). The FWSZ operates under the Act of 11 March 2022 on the Defence of Homeland. The Fund shall supply backing or backing for the tasks arising from the Armed Forces improvement Programme established by the Minister of National Defence. The FWSZ operator is BGK.

Bank Gospodarstwa Krajowego is simply a Polish improvement bank, supporting the sustainable economical and social improvement of the country. BGK is the only specified institution in Poland. Acting for more than 100 years, BGK has financed investments in infrastructure, housing and entrepreneurship. It is besides active in strategical initiatives specified as national safety and energy transformation. The bank cooperates with both the public and private sectors, mobilising capital to finance projects that address key national challenges. It besides plays an crucial function in the implementation of EU funds and the National Recovery Plan.

The Santander Bank Polska S.A. Group is 1 of the largest financial groups and the largest private bank in Poland. It offers modern financial solutions for individual customers, micro-, tiny and medium-sized enterprises, as well as for Polish and global corporations. The bank is 1 of the marketplace leaders in the usage of modern technologies in banking services. He builds his brand according to the strategical goal of being the best bank for a client. The precedence of Santander Bank Polska is client satisfaction and loyalty. The companies belonging to the Santander Bank Polska Group offer investment funds, insurance, leasing and factoring.

StartSource: BGK Press OfficeEndFragment

ed. PZ

Read Entire Article