Release date: 26 February 2019
Promoter – Financial Intermediary
CESKA SPORITELNA ASLocation
Description
Through this financial operation, the EIB will guarantee the mezzanine tranche of a synthetic securitisation of a loan portfolio originated by Ceska Sporitelna bank. The aim is to enhance access to finance for SMEs and Mid-Caps in the Czech Republic.
Objectives
By providing capital relief to Ceska Sporitelna, the EIB will increase total loan financing made available to SMEs and Mid-Caps.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 77 million
Total cost (Approximate amount)
EUR 1450 million
Environmental aspects
In line with EIB policy, which has to ensure that sub-loans comply with the EU legislation, Ceska Sporitelna will have to take all measures to ensure that the environment and procurement procedures carried out by benefiting SMEs and Mid-Caps will comply with the relevant national and EU environment and procurement legislation.
Procurement
See above
Status
Signed - 19/06/2019