MONETA LOAN FOR SMES MIDCAPS & OTHER OBJECTIVES

Promoter – Financial Intermediary

MONETA MONEY BANK AS

Location

• Czechia

Description

The project consists of an EUR and/or CZK denominated flexible terms loan to Moneta Money Bank.

Additionality and Impact

The operation will provide financing to MONETA Money Bank ("Moneta") with the aim of generating additional lending to Czech SMEs and Midcaps. Moneta has in-depth experience with implementing EIB products and a strong ambition to support green projects through its network of branches in the targeted regions.

Almost all of the financing unlocked by the EIB is expected to benefit cohesion areas and as such, reduce regional disparities per the EU's cohesion policy. A substantial proportion of the financing is expected to be used in financing CA&ES projects.

The operation provides Moneta with significant value in the form of attractively priced funding with flexible repayment terms. The blending of EIB funding with Moneta's own resources will allow to offer more favourable financing conditions (longer maturities, lower and flexible rates) to final beneficiaries, thus improving their access to finance.

Objectives

The aim is to improve access to finance to small and medium sized enterprises (SMEs) and mid-caps in the Czech Republic, with a partial dedication to projects in the field of Climate Action and Environmental Sustainability.

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 - 23/02/2024