OREANDA-NEWS. The European Investment Bank (EIB) is providing a credit line of EUR 62 million to CSOB Leasing to finance projects carried out by SMEs and midcaps. The key aim of the cooperation is to support the development and growth of Czech SMEs and midcaps by financing sound and sustainable investment projects, the renewal and upgrading of entrepreneurial equipment, environmental protection behaviour, green energy, low emission standards and indirectly the creation of new jobs in the Czech Republic.

This loan is in line with the EIB’s priority of improving the access of Europe’s SMEs and midcaps to affordable financing for their activities, as this sector represents the engine of the Czech economy in terms of economic growth and the creation of new job opportunities. To this end, the EIB is joining forces with well-established financing institutions – such as CSOB Leasing – that know the local market and have SMEs and midcaps as their customers.

This project builds on the successful cooperation between the EIB and CSOB Leasing. The current operation is already the sixth credit line between the two institutions. Some 1,440 projects carried out by SMEs and midcaps benefited from the preferential terms of the EIB funding lines available to CSOB group entities in the Czech Republic in 2013-2016.