Release date: 29 April 2021
Promoter – Financial Intermediary
SG EQUIPMENT FINANCE CZECH REPUBLIC SROLocation
Description
Financing of small and medium-sized projects carried out by small and medium-sized enterprises (SMEs) and mid-caps mainly in the Czech Republic and partially in Slovakia.
Additionality and Impact
The operation predominantly addresses access to finance constraints facing SMEs and Midcaps in Czech Republic and Slovakia. Furthermore, the finance unlocked by the EIB benefits cohesion areas (80%) and thus helps reduce regional disparities per the EU's cohesion policy. Implementation is handled by an intermediary (SGEF CZ) that has in-depth experience with implementing EIB products through a network of branches in the targeted regions. The operation likewise sustains employment in the targeted areas and the 15% climate action target is sizeable and aliged with the EIB's Climate Action Strategy. The EIB contribution to the success of the intermediary rests on longer maturity, customisation of repayment terms (amortising loans with grace periods and/or bullet loans), technical assistance focused on Climate Action allocations and signalling effect that may help crowd in additional financing.
Objectives
Financing of small/medium projects carried out by SMEs and mid-caps. This operation will contribute to the economic recovery after the COVID-19 pandemic.
Sector(s)
- Transport - Transportation and storage
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 200 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 - 14/07/2022
Disclaimer
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).