Pekao Investment Banking, in a consortium with Lazard Frères SAS, has signed an agreement with Centralny Port Komunikacyjny (CPK) to support the company in securing debt financing for the construction of the CPK Airport – one of the largest infrastructure investments in Poland’s history, worth billions of zlotys.
Pekao Investment Banking will support CPK in structuring the financing, negotiating with financial institutions, and concluding a debt financing agreement in the amount necessary to carry out the construction of the CPK airport.
The goal of Lazard Frères SAS and Pekao Investment Banking will be to secure debt financing while taking into account the scale of the investment outlays and optimizing the financing structure of the CPK Airport project in terms of, among other aspects, the amount and cost of financing obtained, return on investment, debt service capacity, and investment risks.
“We have never hidden that Bank Pekao, and more broadly the Pekao Group, aims to participate in Poland’s most important investment projects. CPK is undoubtedly such a project, of great scale and significance. That is why I am pleased that Pekao Investment Banking will be supporting it at this key stage of securing financing.” said Cezary Stypułkowski, President of Bank Pekao S.A.
“Our advisory team will prepare a financing strategy for CPK which, given the scale of the project, will take into account both the local and global financial markets. Our task is to select debt instruments in such a way as to raise the necessary amount within the required timeframe, while optimizing financing conditions for the client,” added Monika Karolak, Managing Director at Pekao Investment Banking.
“Our partners are reliable advisers who have successfully operated in the financial market for many years. I believe our cooperation will facilitate raising the necessary funds and will significantly contribute to achieving the goal of building the CPK Airport,” said Marcin Michalski, CPK Management Board Member for Finance.
The new CPK Airport will be located 37 km west of Warsaw. The schedule foresees the opening of the new airport in 2032, along with the launch of the first section of the Warsaw–Łódź High-Speed Rail line. The construction of the Centralny Port Komunikacyjny is a project of strategic importance for Poland. The new CPK airport will replace Chopin Airport, creating a modern transport hub combining air, rail, and road transport, while strengthening Poland’s position as a regional leader in logistics and mobility.
Pekao Investment Banking, a leader on the Polish investment banking market with over 30 years of experience, offers comprehensive investment banking services, backed by its analytical capabilities and in-depth knowledge of the domestic financial system. Lazard Frères, on the other hand, is one of the world’s most renowned financial advisory firms, with experience in handling infrastructure projects in Europe, Asia, and North America. Together, they aim to create a financing model that will safely and effectively fund the airport’s construction without placing an excessive burden on public finances.
Bank Pekao S.A., founded in 1929, is one of the largest financial institutions in the CEE region and the second largest universal bank in Poland, with assets of PLN 340 billion. The bank has the second largest branch network in the country. It is a leader in corporate banking, serving every second among largest corporates in Poland. Pekao holds a prominent position in the market for asset management, brokerage services, and private banking. The diversified business profile of Bank Pekao is supported by a market-leading balance sheet and risk profile, reflected in the lowest risk costs, strong capital ratios, and resilience to macroeconomic conditions (Pekao is the most resilient bank in Europe, taking first place in the stress tests conducted by the EBA in 2025 among 64 banks). Since 1998, Bank Pekao has been listed on the Warsaw Stock Exchange and has been a member of several local indices (including WIG 20 and WIG) as well as international indices (including MSCI EM, Stoxx Europe 600, and FTSE Developed). Pekao is among top dividend-paying companies listed in Warsaw, with a total shareholder pay-out of above PLN 20bn over the past 10 years.
