Signature(s)
Summary sheet
- Credit lines - Credit lines
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.
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.
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.
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.
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).
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
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