ANNOUNCEMENT 30 Jun 2017

In June 2017, the European Investment Bank (EIB) signed a credit line agreement with Československá obchodní banka, a.s. to support small and medium-sized enterprises (SMEs), mid-cap companies and other entities' projects in the Czech Republic.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, CSOB CLIMATE ACTION & OTHER PRIORITIES MBIL: http://www.eib.org/en/projects/loan/loan/20160784
The European Investment Bank, Project summary, CSOB CLIMATE ACTION & OTHER PRIORITIES MBIL: https://www.eib.org/en/projects/pipelines/pipeline/20160784
European Investment Bank, SMEs and mid-caps: http://www.eib.org/en/projects/priorities/sme/index.htm

Inception date: 30 Jun 2017 | Removal date: open ended
Still in force

State loan

The European Investment Bank (EIB) approved a EUR 200 million (approx. USD 228 million) credit line to Československá obchodní banka, a.s. Under the credit line, the EIB and Československá obchodní banka, a.s. signed a loan agreement having a total financing value of EUR 100 million on 30 June 2018. On 18 December 2018, a second loan agreement having a total value of EUR 50 million was signed. 

The credit line will, through Československá obchodní banka, support small and medium projects carried out by small and medium-sized enterprises, mid-cap companies and other entities. Thirty per cent of the support is reserved for projects focussing on energy efficiency or renewables.

In general, the EIB has made financing of SMEs and mid-cap companies a top priority. In this context, the EIB stated: "In 2018 alone, the EIB Group financed SMEs and mid-caps across the globe to the tune of EUR 23.3 billion (EIB Group)."

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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