Santander Polska
IFC and Santander Bank Polska partnered on a $17 million investment to assist Ukrainian Forcibly Displaced Persons (FDPs) and FDP-owned businesses in Poland. IFC provides a second loss guarantee for Santander Polska’s consumer loans, freeing up capital for $100 million in new loans, primarily benefiting displaced Ukrainians and inclusive businesses. Santander Polska's focus includes supporting women from Ukraine and women-owned businesses, with at least 30 percent of new loans allocated to them. This investment consists of a synthetic risk transfer (SRT) where IFC provides a guarantee on a portion of Santander Polska’s consumer loan portfolio. It represents IFC's first investment to enhance financial inclusion for Ukrainian FDPs as well as IFC’s first SRT in support of the forcibly displaced.
- Santander
- IFC
Poland