CESKA SPORITELNA COVID19 RESPONSE FOR SME&MIDCAP

Promoter – Financial Intermediary

CESKA SPORITELNA AS

Location

• Czech Republic

Description

Loan for the financing of small and medium scale projects promoted by small and medium-sized enterprises (SMEs) and mid-caps in the Czech Republic. The eligibility will reflect the priority of dealing with the consequences of the COVID-19 crisis.

Additionality and Impact

Ceska Sporitelna a.s.("CSAS" or "Borrower") is one of the largest financial institution in Czech Republic with a leading position in SME lending and a long standingEIB partner with excellent implementation track record.
The project addresses the socio-economic impact of the COVID-19pandemicby providing funding to CSAS for the financing ofeligible expenses of affected SMEs and MidCaps. The operation will be carried out in CzechRepublic and it is expected that more than 80% of the loans will be extended to final beneficiaries in Cohesion regions.
Attractive conditions of EIB financing, such as longer maturities and pricing,will facilitate the project implementation.At the same time, the Bank will address the sub-optimalinvestment and liquidity situation through schemes that, due to their size and/or the size of their promoters, would not qualify forEIB's direct financial support.

Objectives

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

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 100 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 - 22/06/2022