Yet another lender has come out saying it will be targeting the small and medium enterprise (SME) sector in Poland with a new package of services. BPH has unveiled its new program of business loans with no commission fees that it pledges to process within 48 hours. Earlier, both Deutsche Bank and PKO BP went public with similar offerings.
BPH is now offering three types of loans to SME’s: a revolving credit facility, an investment package and mortgages. The offer is directed only to companies that already have loans at the bank and are interested in extending them. PBH’s Q1 2012 financial results, released in the middle of May, show a net profit of PLN 61m, with revenues coming in at PLN 438M.
