Santander Bank Polska will double the amount of the revolving loan made available to BEST Group entities. The amount of financing will increase from PLN 100 million to PLN 200 million according to an addendum to the loan agreement.

BEST Group continues to tighten its cooperation with Poland’s leading financial institutions. On 14 May 2024, BEST I NFIZW, BEST II NFIZW and IV NFIZW, as borrowers, BEST S.A, as guarantor, and Santander Bank Polska S.A. concluded an addendum to the revolving loan agreement of September 2022. Based on the addendum, the amount of the loan was doubled to PLN 200 million and the availability period of the loan was extended to 28/05/2025. As per the agreement, the loan is to be repaid by 11/10/2029 at the latest. The loan may be used to finance or refinance the purchase of claim portfolios.

– We continue to implement our plan to substantially expand the scale of our Group’s operations, using diversified sources of external financing. Expanding our cooperation with Santander Bank Polska, one of Poland’s leading banks, is a key element of our Group’s growth plan. We use the money we borrow from banks to co-finance the purchase of claim portfolios. We remain active in the claim portfolio market both in Poland and Italy, and in 2024 our goal is to maintain the level of investment in portfolios at least at last year’s record level of more than PLN 300 million, said Krzysztof Borusowski, President of the Management Board of BEST S.A.