Poland
ING Bank, N.V. Warsaw
$33 million
Banking
Project Brief
Not Active
ING Bank extended a $26.6 million loan to ING Bank Warsaw (IBW) to expand its banking operations in Poland. MIGA issued guarantees totaling $33 million to cover ING against currency transfer and expropriation risks.
IBW began operations in 1990, offering corporate banking, trade and commodity banking, capital market transactions, and services related to money markets and foreign exchange. Funds under the additional facility will finance medium- to long-term loans for energy projects, manufacturing, and telecommunications.