Bank Millennium supports the development and green transformation of companies – new KUKE S.A. guarantees in the offer

In the face of growing economic, climate and technological challenges, companies are increasingly more often looking for solutions that will allow them not only to remain competitive, but also to develop in a sustainable and resilient way. In response to this need, Bank Millennium has made available new, green guarantees from KUKE S.A., supporting projects that make a significant contribution to the climate change mitigation.

KUKE S.A.'s green guarantees, which are collateral for loans, make it easier for companies to access financing. They can be used by all entities that meet specific environmental criteria.

The provision of the KUKE S.A. guarantees is in line with Bank Millennium's strategic objectives, which include the development of the green financing offer, increasing the share of ESG products in the portfolio and supporting clients in the energy transition.

“This is another step in the implementation of our strategy for 2025-2028, in which sustainability and support for the energy transition play the key role. As Bank Millennium, we want to be not only a provider of financial services, but above all a partner for companies that invest in their development and in climate action,” emphasizes Magdalena Zmitrowicz, Member of the Management Board of Bank Millennium. “Modern business operates in an environment full of uncertainty. Changing supply chains, energy costs, as well as increasingly demanding environmental regulations make investments no longer just an opportunity, but even a necessity to build a competitive advantage,” - adds Magdalena Zmitrowcz.

The minimum amount of a loan covered by the KUKE green guarantee is PLN 10 million. In order for the investment to be covered by the guarantee, it must be located in Poland and meet one of two conditions:

• make a significant contribution to the climate change mitigation (e.g. the development of renewable energy sources, as well as the modernisation of infrastructure to increase energy efficiency, reduce CO₂ emissions or the implementation of low-carbon technologies);
• or be carried out by an entity whose core economic activity qualifies as contributing substantially to the climate change mitigation.

“Thanks to the guarantees, we support investments that make a real contribution to reducing emissions, increasing energy efficiency and implementing innovative technological solutions. For companies, this means greater predictability and security of financing, the possibility of implementing ambitious projects and access to the knowledge and experience of the bank and KUKE S.A.’s experts.” - says Anna Gregorczyk, Director of the Corporate Banking Department at Bank Millennium.

Companies can also take advantage of the KUKE S.A.’s guarantees in the bank for export-generating investments that support the development of operations on foreign markets and that will generate on average no less than 20% of export sales revenues within three years of the project completion. Guarantees are also available for investments made by companies whose export revenues – in one of the last three annual reporting periods – accounted for at least 20% of total sales revenues. This criterion may also be met at the level of the capital group.

This solution is particularly attractive for manufacturing, technology and service companies that want to increase production capacity, implement innovations or develop new product lines for foreign markets. In the context of globalization and economic integration, exports can be for them not only a source of income, but also a way to diversify risks and increase resilience to local economic fluctuations.