Release date: 8 October 2015
Promoter – Financial Intermediary
ERSTE LEASING AS, CESKA SPORITELNA ASLocation
Description
Loan for financing small and medium-scale projects promoted by small and medium-sized enterprises (SMEs), mid-caps and other eligible entities, located mainly in the Czech Republic.
Objectives
The proposed operation will be structured as a multiple beneficiary intermediated loan (MBIL); approximately 75/80% is expected to be allocated by Ceska Sporitelna AS (CSAS) and the remaining 20/25% by Erste Leasing a.s. (ELAS). This would be the first operation with CSAS including a Jobs for Youth Initiative (JfY) component. Under the JfY, the Bank incentivises financial intermediaries to target their lending to those SMEs which contribute to an increase in youth employment.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 100 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 9/12/2015