ANNOUNCEMENT 28 Jun 2018

In June 2018, the European Investment Bank (EIB) signed a credit line agreement with SG Equipment Finance Czech Republic s.r.o. to support projects carried out by small and medium-sized enterprises (SMEs) and mid-caps in the Czech Republic and Slovakia.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

The European Investment Bank, Financed Projects, SGEF CZ LOAN FOR SMES AND MIDCAPS VIII: https://www.eib.org/en/projects/loan/loan/20170873
The European Investment Bank, Project summary, SGEF CZ LOAN FOR SMES AND MIDCAPS VIII: https://www.eib.org/en/projects/pipelines/pipeline/20170873

Inception date: 28 Jun 2018 | Removal date: open ended
Still in force

State loan

The European Investment Bank (EIB) approved a EUR 150 million (approx. USD 173.7 million) credit line to SG Equipment Finance Czech Republic s.r.o. Under the credit line, the EIB and SG Equipment Finance Czech Republic s.r.o. signed a loan agreement having a total value of EUR 100 million on 28 June 2018.

The credit line will, through SG Equipment Finance Czech Republic s.r.o., support projects carried out by small and medium-sized enterprises (SMEs) and mid-caps mainly in the Czech Republic and to a lesser degree in Slovakia. The credit line is financed under the EIB programme for EU SMEs and mid-caps, see related state act.

According to the EIB: "This project (ed. credit line) will improve competitiveness and access to finance at favourable conditions for 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.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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