ANNOUNCEMENT 17 Dec 2018

In December 2018, the European Investment Bank (EIB) signed a credit line agreement with Československá obchodná banka, a.s. to support primarily small and medium-sized enterprises (SMEs) and mid-cap companies' projects in Slovakia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, CSOB BK SK SMES & OTHER PRIORITIES IV: http://www.eib.org/en/projects/loan/loan/20170955
The European Investment Bank, Project summary, CSOB BK SK SMES & OTHER PRIORITIES IV: http://www.eib.org/en/projects/pipelines/pipeline/20170955

Inception date: 17 Dec 2018 | Removal date: open ended

State loan

The European Investment Bank (EIB) approved a EUR 100 million (approx. USD 113.4 million) credit line to Československá obchodná banka, a.s. Under the credit line, the EIB and Československá obchodná banka signed a loan agreement having a total financing value of EUR 50 million on 17 December 2018.

The credit line will, through Československá obchodná banka, primarily support small and medium projects carried out by Slovak small and medium-sized enterprises and mid-cap companies. The credit line will also support private and public entities' investments in sustainable transport, energy efficiency and urban development.

According to the EIB: "This intermediated loan will improve competitiveness and access to finance at favourable conditions for Slovak SMEs and mid-caps..."

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

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