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    Reference: 20160130
    Release date: 2 May 2016

    Promoter – Financial Intermediary

    CESKA SPORITELNA AS

    Location

    Description

    Mid-cap guarantee operation, set up as a risk-sharing instrument under the InnovFin Mid-Cap Guarantee Facility established within the scope of the Horizon 2020 Debt Financial Instrument targeting research and innovation driven mid-caps. The guarantee will cover 50% of the credit risk associated with a portfolio of new loans, on a loan-by-loan basis. The new loans will be originated by Ceska Sporitelna (CSAS), and will finance innovative mid-caps, having eligible expenditures. The purpose of the operation is to increase the capacity of CSAS to fund innovative mid-caps, as a result of the regulatory capital relief resulting from the issuance of the guarantee.

    Objectives

    The purpose of the operation is to increase the capacity of CSAS to fund innovative mid-caps, as a result of the regulatory capital relief resulting from the issuance of the guarantee.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 50 million

    Total cost (Approximate amount)

    EUR 100 million

    Environmental aspects

    The project refers to a multi-sector multi-scheme operation and some of the sub-projects may fall under Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive 85/337/EEC, amended by Directives 97/11/EC and 2003/35/EC. The Bank requires the promoter and the final beneficiary to act according to the provisions of the aforementioned directives as transposed into national law, as well as according to the provisions in the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC if a sub-project has a negative impact on an area forming part of the Natura 2000 network.

    Procurement

    The promoter and the final beneficiaries are private companies not operating in the utilities sector and not having the status of a contracting authority. The EU directives on public procurement are not applicable.

    Status

    Signed - 23/12/2016

    Disclaimer

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

    Related tags

    Czech Republic Credit lines