Release date: 2 December 2008
Promoter – Financial Intermediary
Česká spořitelna, a.s.
Location
Description
EIB loan for SMEs to finance small and medium-sized projects according to the Bank’s eligibility criteria, to be carried out primarily by SMEs mainly in the Czech Republic.
Objectives
Financing of investments of small/medium scale promoted notably by SMEs or municipalities. Through the financial intermediary, the credit line would provide long-term funding contributing to the development of term-finance.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 200 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
The Czech Republic has harmonised environmental legislation with EU regulations. Within the framework of the credit line, the Borrowers will be requested to ensure compliance of the sub-projects with EU directives, as appropriate.
Procurement
The Czech legislation regarding public procurement is fully in line with the EU directives. The borrowers will ensure that final beneficiaries undertake to comply with the national and EU requirements in force with regard to procurement for works, supplies and services.
Status
Signed - 19/05/2009
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).