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    Signature(s)

    Amount
    € 56,828,995.16
    Countries
    Sector(s)
    Czechia : € 56,828,995.16
    Credit lines : € 56,828,995.16
    Signature date(s)
    19/12/2024 : € 56,828,995.16

    Summary sheet

    Release date
    27 December 2024
    Status
    Reference
    Signed | 19/12/2024
    20240005
    Project name
    Promoter - financial intermediary
    CSAS SME AND MIDCAP MEZZANINE ABS
    CESKA SPORITELNA AS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    CZK 1428 million (EUR 57 million)
    CZK 10000 million (EUR 396 million)
    Location
    Sector(s)
    Description
    Objectives

    Guarantee for a mezzanine tranche of a synthetic securitisation of an SME portfolio with a project dedicated to financing of small and medium-sized enterprises (SMEs) and mid-caps.

    Financing small and medium-sized projects carried out by small and medium-sized enterprises (SMEs) and mid-caps.

    Additionality and Impact

    The operation will target investments in SMEs and Mid-Caps in Czech Republic thereby supporting the EU's and Bank's priorities in supporting SMEs and Mid-Caps. In addition, the finance unlocked by the EIB benefits cohesion areas (80%, split half-half in between Less Developed regions and Transition regions) and thus helps reduce regional disparities as per the EU's cohesion policy. Implementation is handled by an intermediary that has in-depth experience with implementing EIB products through a network of branches in the targeted regions. The EIB's contribution will be most visible on the financial contribution side by accelerating the fundraising and crowding in other financiers.


    Environmental aspects
    Procurement

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

    Milestone
    Under appraisal
    Approved
    Signed
    7 August 2024
    19 December 2024
    Related projects

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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