PKO Bank Polski, Poland’s largest bank, has signed its first financing agreement on the Lithuanian market since opening its representative office in Vilnius. The Bank extended a EUR 6 million credit facility to UAB Tetas, a company within the state-controlled EPSO-G group responsible for Lithuania’s strategic energy infrastructure. This landmark transaction marks an important step in PKO Bank Polski’s international growth strategy and strengthens the presence of Polish capital across Europe.
The financing agreement was signed following a competitive tender process won by PKO Bank Polski. Notably, this cross-border transaction is governed by Lithuanian law, demonstrating the Bank’s commitment to operating within local legal frameworks as it expands across European markets. PKO Bank Polski currently operates in seven EU countries and plans to double its network of representative offices and corporate banking branches to 12 locations by 2027.
COBALT acted as Lithuanian legal counsel to PKO Bank Polski, advising on all aspects of the financing documentation and ensuring compliance with Lithuanian law requirements.
The COBALT team was led by Partner Eva Suduiko together with Associate Partner Aurelija Balčiūnė.
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