Czech Republic

The European Investment Bank (EIB) is lending €350 million to Czech bank Ceskoslovenska Obchodni Banka (CSOB) to expand green and other financing for a range of businesses in the country. Thanks to this cooperation CSOB and its leasing unit will offer financing on favourable terms, helping SMEs and Mid-Caps to diversify their funding sources and improve their financial viability. Part of the funds will be allocated for climate action and environmental sustainability.

The European Investment Bank (EIB) is lending a total of €400 million to two Czech financial institutions to spur the growth of small and medium-sized enterprises (SMEs) and Mid-Cap companies in the Czech Republic and neighbouring Slovakia.

More than six in ten Czech respondents recognise the need to adapt their lifestyle due to the effects of climate change, according to the annual Climate Survey commissioned by the European Investment Bank (EIB). Among the challenges facing their country, Czech respondents ranked environmental issues – including environmental degradation and climate change – third, after the rising cost of living and political instability. Many believe that investing in adaptation now will prevent higher costs in the future.