Chrobry supports the Polish arms industry. The new company will distribute billions from KPO
In mid-April, representatives of Bank Gospodarstwa Krajowego (BGK) and the Minister of Funds and Regional Policy, Katarzyna Pełczyńska-Nałęcz, announced with great fanfare that a new company called Chrobry would be established.
The contract was signed in the spotlight, but the company's launch took place quietly.
On Wednesday, May 6, the Chrobry joint-stock company was officially registered in the National Court Register. It has a solid share capital of PLN 10 million, and its only shareholder is BGK.
Chrobry will be headed by a three-person board. Arkadiusz Sułek, who already has experience in the arms industry, became the president. Between July 2024 and October 2025, he was a member of the management board of PIT-Radwar, a member of the PGZ group. He also sits on the supervisory board of another company owned by PGZ, Zakłady Metalowe Dezamet.
Radosław Niedzielski and Jan Banasiński became vice-presidents of Chrobry. The first one, after the change of power, was for a little over a year the vice-president of the Industrial Development Agency, a State Treasury company, and sat on the supervisory board of Bank Pekao. The latter has been a member of the supervisory board of BOŚ Bank, also indirectly controlled by the state, since April 2025.
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Another billion for defense
The new company, which will be controlled by the state, was established for a very specific purpose. It is about efficient spending of money from the Security and Defense Fund. This money comes from the National Reconstruction Plan (KPO). In total, we have PLN 22.5 billion to distribute.
Chrobry will finance armament investments carried out by local governments and Polish companies. Approximately PLN 11 billion will flow to local authorities.
“These will be preferential, partially forgivable loans intended for: civil protection, dual-use infrastructure (including road construction), places of refuge and safe water intakes. That is, everything that protects the population in a situation of military threat and against cyberattacks and all kinds of hybrid aggression. Another PLN 11 billion will go to Polish entrepreneurs to support dual-use production, modernize activities in the field of cyber modernization” – explained Minister Katarzyna Pełczyńska-Nałęcz three weeks ago.
Chrobry's operating model assumes the use of two instruments: loan and capital. Most of the funds – PLN 15.7 billion – will be released in the form of a loan instrument, for which BGK will be directly responsible for the implementation and servicing. As the bank's president, Mirosław Czekaj, explained, these will largely be long-term and very low-interest loans.
“The remaining part of PLN 6.7 billion will be contributed as part of a capital instrument implemented directly by Chrobry” – informed the president of BGK.
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Minister of Funds Katarzyna Pełczyńska-Nałęcz and Minister of Finance and Economy Andrzej Domański
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Tomasz Jastrzebowski/REPORTER / East News
Minister of Finance and Economy Andrzej Domański explains that Chrobry's task will include, among others: implementation of capital investments. The company is to acquire shares in projects considered to be promising, also involving capital in private entities.
“The capital obtained in this way will enable entrepreneurs operating in the dual-use industry to develop technology or increase the scale of production,” emphasized the head of the Ministry of Finance.
Applications for loans that will be granted directly by BGK are scheduled to start in the second half of 2026.
A new source of financing
Money from the Security and Defense Fund is to be invested in four areas:
- development of protective structures and civil protection infrastructure — over PLN 9.65 billion will go to the construction of shelters, securing local critical infrastructure (water intakes, sewage treatment plants) and telecommunications infrastructure related to crisis management;
- investments in cybersecurity — approximately PLN 2.46 billion will be allocated to increasing the level of security and reliability of digital infrastructure collecting data – communication, water and sewage installations, public transport, energy and fuel networks;
- construction and modernization of dual-use infrastructure — approximately PLN 6.26 billion will be spent on the construction and modernization of roads, bridges and tunnels belonging to local governments and railway infrastructure. This is to achieve the standard required by military mobility needs;
- modernization of enterprises — approximately PLN 4 billion is to be allocated to increasing production capacity in the Polish arms sector and new jobs in the regions; support, among others construction and modernization of production infrastructure, purchase of software and IT services; machines and devices useful in crisis situations; machines and equipment necessary to conduct business, in particular in industrial research and development work.
Author: Bartek Godusławski, journalist of Business Insider Polska
