BGK: European banks will co -finance defense

Banks for the development of France, Germany, Italy, Poland, Spain and EIB will cooperate to increase the security and defense potential of Europe – Bank Gospodarstwa Krajowego said on Friday. The institutions will co -finance industry research and development as well as infrastructure in this area.

Bank Gospodarstwa Krajowego (BGK) reported that financial institutions supporting investments from France, Germany, Italy, Poland and Spain and the European Investment Bank (EBI) together want to act to increase Europe's potential in the field of security and defense. Six long -term investors – Caisse des Depôts, Kreditanstalt für Wiederaufbau (KFW), Cassa Depositi E Prestiti (CDP), Bank Gospodarstwa Krajowego (BGK) and Instituto de Crédito Oficial (ICO) and EBI – declared their desire to deepen cooperation and seek new opportunities.

The agreement was announced on Friday in Warsaw during a meeting of presidents of institutions associated in the European Association of Long -Term Investors (Elti), hosted by BGK.

As the bank pointed out, the cooperation is to concern investment and potential joint financing of projects in such areas as: research and development, industry and infrastructure. He added that this is part of a wider plan to build a stronger European Union and respond to new threats related to the geopolitical situation.

In the opinion of the President of BGK Mirosław Czekaj, supporting security and defense is not only a matter of social responsibility, but also an integral part of the Bank's recently presented business strategy until 2030. “International cooperation in this area is of key importance, and today's initiative is another proof that we can effectively act together. In the face of new challenges – geopolitical and economic – together with our parties – together with our partners We are looking for solutions that strengthen Europe's immunity and promote the region's stability, “said Czekaj.

Caisse des Dépôts Group Caisse des Dépôts and its subsidiaries form a public group of long -term investors serving the general interest and the economic development of local areas. However, Cassa Depositi E Prestiti (CDP) is a national development institution that has been supporting the Italian economy since 1850. The main goal of CDP is to accelerate the industrial and infrastructure development of Italy.

The European Investment Bank (EIB) is an institution of the European Union, granting long -term loans, which are owned by Member States. EBI finances investments within the eight main priorities: climate and environment, digitization and technological innovation, security and defense, consistency, agriculture and biogocarry, social infrastructure, union of capital markets and stronger Europe.

The Instituto de Crédito Oficial (ICO) is the National Bank for the Development of Spain, operating at the Ministry of Economy, Trade and Entrepreneurship. ICO finances both SMEs and large investment projects.

KFW is involved in improving the economic, social and environmental living conditions around the world on behalf of the Federal Republic of Germany and trade union countries. For this purpose, in 2024, he provided funds with a total value of EUR 112.8 billion. His financial and promotional activities are adapted to the Agenda 2030 of the United Nations.

Bank Gospodarstwa Krajowego supports the sustainable socio-economic development of Poland. Its activities affect the creation of jobs, the construction of apartments, infrastructure development and improvement of air quality. The bank implements European funds in the country, as well as financial products from the national reconstruction plan. BGK supports the export and foreign expansion of Polish companies. (PAP)

AB/ Pad/ WKR/ Mick/