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    Reference: 20160959
    Release date: 26 February 2019

    Promoter – Financial Intermediary

    CESKA SPORITELNA AS

    Location

    Description

    Through this financial operation, the EIB will guarantee the mezzanine tranche of a synthetic securitisation of a loan portfolio originated by Ceska Sporitelna bank. The aim is to enhance access to finance for SMEs and Mid-Caps in the Czech Republic.

    Objectives

    By providing capital relief to Ceska Sporitelna, the EIB will increase total loan financing made available to SMEs and Mid-Caps.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 77 million

    Total cost (Approximate amount)

    EUR 1450 million

    Environmental aspects

    In line with EIB policy, which has to ensure that sub-loans comply with the EU legislation, Ceska Sporitelna will have to take all measures to ensure that the environment and procurement procedures carried out by benefiting SMEs and Mid-Caps will comply with the relevant national and EU environment and procurement legislation.

    Procurement

    See above

    Status

    Signed - 19/06/2019

    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