EIB Group backs Polish car platform VEHIS to boost SME financing, inclusion and green mobility

• VEHIS commits to originate PLN 2.6 billion of auto leases for the benefit of Polish SMEs.
• The new lending is enabled by a cash securitisation whereby VEHIS obtains funding from EIB and from an external investor backed by EIF.
• The operation will support financing of low carbon road vehicles and financing of women-led businesses, and contribute to regional development and economic inclusion across Poland.

Katowice and Luxembourg: The European Investment Bank (EIB) Group is joining forces with Polish car platform VEHIS to expand access to financing for a range of businesses in Poland. The EIB Group, which also includes the European Investment Fund (EIF), will back auto leases by VEHIS so that the company can boost lending to Polish small and medium-sized enterprises (SMEs) and Mid-Caps.

The operation will contribute to regional development and economic inclusion across Poland. It will further support gender equality and the green transition through targeted financing for women-led businesses and electric vehicles.

Under the agreement, the EIB will invest PLN 637 million (€150 million) in notes backed by auto leases originated by VEHIS, and the EIF will provide guarantees to a third-party, enabling it to purchase notes for an amount of similar size. The operation aims to generate a new portfolio of SME and Mid-Cap leases totalling PLN 2.6 billion.

At least 30% of the new car financing by VEHIS will go to women-led businesses and at least 10% will support climate action including electric-vehicle leasing.

“This transaction is a great example of how we can use capital markets tools to deliver real impact for small businesses,” said Marjut Falkstedt, Chief Executive of the EIF. “By working with VEHIS, we’re helping to channel funding where it’s needed most — to entrepreneurs driving innovation, inclusion and sustainability across Poland.”

Under the accord, the EIB’s investment will be in the senior class notes of a securitisation of VEHIS auto leases and the EIF guarantees will enable the third party to invest in the senior class and mezzanine class notes of the same transaction.

“Together with the EIB and EIF, we are carrying out the first securitization of a portfolio built under warehouse financing in the history of the Polish market. This is a unique moment of appreciation for us by leading European financial institutions and another important step that will allow us to continue our dynamic growth. Thanks to the cooperation, we will be able to continue active SME financing, including supporting women-led businesses, as well as financing low-emission cars," said Jan Bujak, CFO of VEHIS.

The operation will also contribute to regional development in Poland by enabling VEHIS to reach more entrepreneurs in underserved market segments and in areas where per capita income is below the European Union average.

“Supporting SMEs is at the heart of what we do at the EIB Group,” commented Teresa Czerwińska, Vice-President of the EIB. “This partnership with VEHIS will not only help businesses grow but also promote gender equality and accelerate the shift to cleaner transport. It’s a smart, targeted investment in Poland’s future.”

General information

About EIB Group
The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.  

The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

The Group’s latest Investment Survey (EIBIS) showed Poland fares better than European Union peers when it comes to gender equality in business management.

To enhance the positive impact of its activities on gender equality and empower women and girls, the EIB Group has embedded gender equality goals into its business model through a dedicated Strategy on Gender Equality and Women’s Economic Empowerment and a Gender Action Plan. These guide its lending, blending, and advisory work both within and outside the European Union. In 2024, EIB financing for gender equality represented more than €3 billion across over 40 projects. The EIB also applies global gender-lens investing criteria (“2X”) and is committed to promoting gender equality in the workplace. You can find more information here on the EIB gender equality initiatives.

About VEHIS

VEHIS is a car platform that allows customers to select and purchase a vehicle along with the relevant financing options. The offer encompasses all car brands available on the Polish market from key dealers, along with financing options in the form of leasing.

VEHIS provides full support throughout the period of vehicle use, including a special insurance package, GPS monitoring and service support for the car, as well as handling traffic damage claims.

VEHIS advisors working in 18 VEHIS branches across Poland support customers in choosing a car, its financing and insurance. The entire process can be completed online through the website or with the remote assistance of an advisor.

The platform offers a selection of over 10,000 cars at competitive prices from 200 dealers. These offers are updated almost in real time, thanks to IT tools developed by VEHIS.

VEHIS' strategic investor is Enterprise Investors, one of the oldest and largest private equity firms in Central and Eastern Europe.

Technical note on the securitisation transaction

The transaction is structured as a cash securitisation of a granular portfolio of performing auto leases originated by VEHIS and sold to a securitisation special purpose entity (Issuer). EIB purchases class A1 notes issued by the Issuer. EIF simultaneously, through bilateral financial guarantees agreed with an institutional investor, takes exposure to class A2 notes (ranking pari passu with the mentioned class A1 notes) and to class B notes (characterised by higher credit risk compared to the class A1 and class A2 notes) issued by the Issuer. VEHIS effectively retains credit exposure to the securitised lease exposures by purchasing and retaining the most junior notes (characterised by higher credit risk than the class A and class B notes) issued by the Issuer. The notes and the securitised exposures pay floating interest and are denominated in polish zloty.

The reference portfolio consists of more than 9,000 leases, 100% secured by light vehicles and with c. 90% of lessees in the form of SMEs. The transaction is non-revolving and includes standard credit enhancement features such as subordination, excess spread, use of a cash reserve and a principal deficiency ledger.

Press contacts:

EIB Group

Katarina Karmazinova, k.karmazinova@ext.eib.org, Tel.: +420 730 156 873
www.eib.org/press – Press Office: +352 4379 21000; press@eib.org