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MONETA LOAN FOR SMES MIDCAPS & OTHER OBJECTIVES

Signature(s)

Amount
€ 100,000,000
Countries
Sector(s)
Czechia : € 100,000,000
Credit lines : € 100,000,000
Signature date(s)
23/02/2024 : € 100,000,000

Summary sheet

Release date
26 February 2024
Status
Reference
Signed | 23/02/2024
20230386
Project name
Promoter - financial intermediary
MONETA LOAN FOR SMES MIDCAPS & OTHER OBJECTIVES
MONETA MONEY BANK AS
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 100 million
not applicable
Location
Sector(s)
Description
Objectives

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

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.

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.


Environmental aspects
Procurement

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.

Milestone
Under appraisal
Approved
Signed
19 January 2024
23 February 2024

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).

News & Stories

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Alternatively, the EIB can be contacted through its external offices.
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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.

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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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