Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20200294
    Release date: 22 October 2021

    Promoter – Financial Intermediary

    KOMERCNI BANKA AS

    Location

    Description

    An operation created for repurposing and transfer of the balance available under the KOMERCNI BANKA ENERGY EFFICIENCY FL - PF4EE (2015-0174) loan to COVID-19 response for small and medium-sized enterprises (SMEs) and mid-caps in the Czech Republic.

    Additionality and Impact

    The project addresses socio-economic impact of the Covid-19 pandemic through loans to the SMEs and Midcaps in the Czech Republic.


    With the expectation of approximately 80% of the funds being allocated to investments in Cohesion regions (i.e. all regions expect the Prague region in Czech Republic), the proposed operation also falls under the scope of the EU objectives through its contribution to regional development, helping reduce regional disparities and towards increasing competitiveness and productivity of SMEs and Midcaps.


    Komercni Banka ("KB") is a subsidiary of Société Générale ("SG") and a well-known counterpart to EIB with a successful track-record of allocating EIB operations in Czech Republic and Slovakia. KB is in the banks top three ranking in the Czech Republic in terms of assets, with a strong position in corporate banking and a market share of around 18% in total lending as of March 2021.


    The financing for this operation consists of the repurposed balance available under the KOMERCNI BANKA ENERGY EFFICIENCY FL - PF4EE (2015-0174) loan.



    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 49 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 - 22/10/2021

    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