ANNOUNCEMENT 18 Dec 2012

On 18 December 2012, the EIB provided financing worth EUR 40 million (USD 52 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 18 Dec 2012 | Removal date: open ended

State loan

On 18 December 2012, the European Investment Bank (EIB) and Csob Leasing Cz as signed an agreement worth EUR 40 million (approx. USD 52 million) for the project Csob Leasing Cz SMEs and Midcaps from Czech Republic.

According to the project description issued by the EIB, A loan dedicated to financing through leasing of investments of up to EUR 25m not falling within excluded sector and carried our by MidCaps and SMEs as well as other eligible investments of limited size carried out by private and public sector promoters in the Czech Republic..

The objective of the project is defined as following: Increasing access to finance at favourable conditions. The proposed EIB loan for SMEs would be mainly dedicated to SMEs and Mid-Caps, in relation to which the newly approved guidelines and eligibility rules will apply. The outstanding project amount will be dedicated to energy. A majority of the investment should be located in convergence regions..

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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