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    Reference: 20190680
    Release date: 27 April 2022

    Promoter – Financial Intermediary




    Loan for financing small and medium scale projects promoted primarily by small and medium-sized enterprises (SMEs) and mid-caps in the Czech Republic, with a partial dedication to climate action and environmental sustainability.

    Additionality and Impact

    The operation predominantly addresses market failure in terms of access to finance constraints faced by SMEs and Midcaps in the Czech Republic that has been further exacerbated by the ongoing pandemic and the risk aversion generated by the conflict in Ukraine. Furthermore, the finance unlocked by the EIB benefits cohesion areas (expected 80%, split half-half between Less Developed regions and Transition regions) and thus helps reduce regional disparities as per the EU's cohesion policy. Implementation is handled by intermediaries that have in-depth experience implementing EIB products through a network of branches in the targeted regions.

    The contribution to climate action of 20% is significant and aligned with the EIB's Climate Action Strategy. The operation likewise sustains employment in the targeted areas. 

    The EIB contribution to the success of the intermediaries rests on longer maturity, technical assistance focused on Climate Action allocations and signalling effect that may help crowd in additional financing. 


    Financing of small/medium projects carried out by SMEs and mid-caps. This operation will contribute to mitigating the negative economic effects of COVID-19.


    Proposed EIB finance (Approximate amount)

    EUR 350 million

    Total cost (Approximate amount)

    not applicable

    Environmental aspects

    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.


    Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.


    Signed - 25/07/2022


    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).

    Related tags

    Czechia Credit lines