From the left: UAB Tetas - CEO Ovidijus Martinonis, Chief Representative Office of PKO BP in Lithuania Erika Vovere, UAB Tetas CFO Darius Slažinskas, Senior International Corporate Banker Justyna Nieciecka, Head of International and Cross-border Corporate Banking Unit Mateusz Wojtowicz

PKO Bank Polski has signed its first financing agreement in the Lithuanian market since opening its representative office in Vilnius in December 2025. The bank granted 6 million euro loan to UAB TETAS, a company belonging to the state-owned EPSO-G group, which is responsible for Lithuania’s strategic energy infrastructure. The transaction forms part of the bank’s international expansion strategy and strengthens the presence of Polish capital in Europe.

Financing strategic energy sector

The agreement followed a tender won by PKO Bank Polski and announced by the UAB TETAS The signing ceremony took place at the headquarters of UAB TETAS in Kaunas.

– We are pleased that the first company with which we have finalized a financing agreement in Lithuania is UAB TETAS – an entity belonging to the EPSO-G group, which plays a strategic role in Lithuania’s energy sector. This marks an important step in building PKO Bank Polski’s presence in the Lithuanian market – said Erika Vovere, Director of PKO Bank Polski’s Representative Office in Lithuania.

- The transaction is cross-border in nature and was structured in accordance with Lithuanian law. PKO Bank Polski emphasized that it intends to further develop similar activities both in Lithuania and in other European markets where it operates - said Mateusz Wojtowicz Head of International and Cross-Border Corporate Banking Unit

Energy sector remains key to Europe’s security

EPSO-G is responsible for strategic projects related to the development of energy interconnections with Poland, Latvia and Germany, as well as strengthening the resilience of the region’s energy infrastructure. In 2025, the EPSO-G Group invested EUR 211.1 million in infrastructure aimed at strengthening the security, reliability, and resilience of transmission systems. Investments by Litgrid amounted to nearly EUR 188 million, while Amber Grid invested close to EUR 22 million. EPSO-G Invest allocated EUR 73.1 million to the defense industry by acquiring a stake in Rheinmetall Defence Lietuva.

The importance of financing the energy sector in Europe continues to grow amid geopolitical tensions and the increasing need to protect critical infrastructure. Energy security remains one of the European Union’s top priorities.

In 2026, the European Commission announced EUR 113 million in funding aimed at strengthening the resilience of energy infrastructure in Poland and the Baltic states. The funds are intended to support infrastructure enabling the synchronous operation of the Baltic and continental European energy systems.

PKO BP expands international operations

PKO Bank Polski operates in seven European Union countries and, through KredoBank, in Ukraine.

The expansion of its international network is intended to support Polish companies operating in new markets and strengthen the bank’s position as the most active Polish bank in Europe.

The bank is currently working on launching four additional foreign offices, which are expected to begin operations before the end of 2027. Under its 2025–2027 strategy, PKO Bank Polski plans to quadruple the number of its representative offices and corporate branches in EU countries to 12 units.

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PKO Bank Polski is an institution with over a century of tradition and Poland’s largest bank. We provide financial services to over 12.5 million clients: individuals, SMEs, corporate, and local government entities. We are the nation's leader in mobile banking, processing more than 30 transactions every second. On a daily basis, we clear approximately one million incoming and outgoing transfers. Our Capital Group offers the most comprehensive range of financial services in Poland, comprising companies specializing in leasing, insurance, pension savings, investment funds, and factoring. We maintain a presence in 314 counties, placing 75% of the Polish population within 5 km of our nearest branch. We also support our clients’ international expansion through corporate branches in Germany, the Czech Republic, Slovakia, and Romania, as well as through representative offices in Lithuania, Sweden and Austria. Through our Foundation, we initiate and implement social projects, actively supporting culture, sports, and vital community initiatives. 
#No. 1. Period.

Kamil Piechowski
prasa@pkobp.pl