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European Union

EIB Group and VEHIS Partner to Boost Access to Financing for Polish SMEs

Strategic Insights

— 1 min read

The European Investment Bank Group is joining forces with Polish car platform VEHIS to expand access to financing for a range of businesses in Poland. The partnership aims to generate a new portfolio of SME and Mid-Cap leases totaling PLN 2.6 billion, with at least 30% of the new car financing going to women-led businesses and at least 10% supporting climate action, including electric-vehicle leasing.

Key Takeaways:

  • The EIB Group will invest PLN 637 million (€150 million) in notes backed by auto leases originated by VEHIS, while the EIF will provide guarantees to a third-party investor, enabling it to purchase notes for an amount of similar size.
  • The operation will support financing of low-carbon road vehicles and financing of women-led businesses, contributing to regional development and economic inclusion across Poland.
  • At least 30% of the new car financing by VEHIS will go to women-led businesses, and at least 10% will support climate action, including electric-vehicle leasing.
  • The transaction is structured as a cash securitisation of a granular portfolio of performing auto leases originated by VEHIS and sold to a securitisation special purpose entity.
  • The reference portfolio consists of more than 9,000 leases, 100% secured by light vehicles, with c. 90% of lessees being SMEs.

Statistics:

  • PLN 2.6 billion: The total amount of new SME and Mid-Cap leases planned to be generated by the operation.
  • €150 million: The investment made by the EIB Group in notes backed by auto leases originated by VEHIS.
  • 30%: The minimum proportion of new car financing that will go to women-led businesses.
  • 10%: The minimum proportion of the new car financing that will support climate action, including electric-vehicle leasing.
  • 9,000: The number of leases in the reference portfolio.
  • 90%: The proportion of lessees in the reference portfolio who are SMEs.

Sources:

  • European Investment Bank (EIB)
  • VEHIS
  • European Investment Fund (EIF)
  • EIB Group Investment Survey (EIBIS)
  • EIB Gender Equality Strategy and Gender Action Plan
  • Contify.com

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