What we do
Institutional investors
Equity products
AI Co-Investment Facility
Cleantech Co-Investment Facility
Impact investing at the EIF
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Normandie Garantie Agri
FAIRE - La Réunion
Auvergne Rhône-Alpes FEADER
Recovery Equity Fund of Funds of Bulgaria
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Central and Eastern European Technology Transfer (CEETT)
Croatian Growth Investment Programme (CROGIP) II
Croatian Growth Investment Programme (CROGIP)
Croatian Venture Capital Initiative 2 (CVCi 2)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
EU4Business Capped Guarantee
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Call for Expression of Interest for FOSTER II
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund 1 (LFF)
Luxembourg Future Fund 2
Mezzanine 'Fund of Fund' for Germany (MDD)
NEOTEC resources
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece
Irish Innovation Seed Fund (IISF)
RRF Czech Republic Fund of Funds

EIB Group and Česká spořitelna team up to support businesses across the Czech Republic

    Date: 18 July 2019
  • EFSI-backed transaction to facilitate development of securitisation market
  • EUR 306m (CZK 7.8bn) for an estimated 250 companies
  • Nearly 43,000 jobs supported

The European Investment Bank, the European Investment Fund and Česká spořitelna (ČS) are channelling EUR 306m of new financing into small and medium-sized businesses. The agreement will help about 250 companies and support nearly 43,000 jobs across the country.

The deal, backed by the European Fund for Strategic Investments, includes a guarantee of EUR 76.5m (CZK 1.96bn) to cover possible losses on an existing portfolio of around EUR 1bn (CZK 26.1bn). The guarantee will allow Česká spořitelna to ramp up its lending. This new type of transaction will also help develop the securitisation market in the region.  

“According to the latest EIB Investment Survey, 20% of smaller companies in the Czech Republic have suffered from underinvestment over the last three years,” said EIB Vice-President Vazil Hudák. “Thanks to this innovative transaction, the EIB and ČS will help some of these companies, especially those with riskier business ideas. This will strengthen the competitiveness of the Czech economy and contribute to economic growth and job creation.”

Thanks to its long-standing successful cooperation with the European Investment Bank Group, Česká spořitelna can provide loans with an advantageous interest rate. This loan is designed to target SMEs and MidCaps, offering financing for investments as well as working capital on very simple terms.  This product corresponds precisely to our strategic objective – to help Czech companies and entrepreneurs grow,” said Pavel Kráčmar, the member of Česká spořitelna’s Board of Directors responsible for corporate banking and financial markets.

Věra Jourová, Commissioner for Justice, Consumers and Gender Equality said: "I very much welcome this agreement, which will create opportunities for Czech entrepreneurs and open up access to the finance they need to generate better-paying jobs and innovate. This is an example of Europe’s strong added-value – by pulling resources together it can offer practical benefits for citizens.”

The deal will enable the EIB to support more small and medium-sized companies in the Czech Republic. It will also strengthen the cooperation between the EIB and ČS. Since 2002, the EU bank has provided ČS with loans and guarantees totalling EUR 1.45bn. These will help companies in the Czech Republic get better access to the long-term financing they need to thrive and grow.

Background information:

The European Investment Bank is the long-term lending institution of the EU. It is owned by the members of the European Union. It provides long-term finance for sound projects in order to 

contribute to EU policy. The Bank is one of largest multilateral financial institutions in the world. More than 90% of EIB activity focuses on Europe, but we also support projects around the world to contribute to the EU's external policies.

Česká spořitelna is the bank with the longest tradition in the Czech market. Currently, the bank provides services to 4.67 million clients. Since 2000, Česká spořitelna has been part of Erste Group Bank, a multinational financial group.

Česká spořitelna is a modern bank focused on retail clients, small and medium-sized enterprises, large corporations, and also municipalities. Česká spořitelna holds a leading position in the market for mortgage loans and consumer loans as well as in total deposits.  The bank puts emphasis on expansion of digital services, and its new digital banking George, which serves as comprehensive family finance management, is currently the most used bank application in the Czech Republic.

Spořitelna provides comprehensive solutions for entrepreneurs and companies and is the largest provider of corporate loans in the Czech Republic. Thanks to a wide range of foreign exchange, interest rate, commodity, and money market products, the bank also holds a dominant position in treasury services and products for large, small and medium-sized businesses.

The European Investment Fund is part of the European Investment Bank Group. It helps micro and small businesses. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments. It supports EU objectives in innovation, research and development, entrepreneurship, growth, and jobs. More information on the EIF's work under EFSI is available here.

The Investment Plan for Europe, known as the Juncker Plan, is one of the European Commission’s top priorities. It focuses on boosting investment to generate jobs and growth by making smarter use of new and existing financial resources and removing obstacles to investment.

The European Fund for Strategic Investments is the main plank of the Juncker Plan and provides guarantees for loans. This enables the EIB to invest in riskier projects. The projects signed under EFSI are expected to mobilise about EUR 408bn in investments, including EUR 4.6bn in the Czech Republic, and support 952,000 small businesses across the EU.

More information on the Investment Plan for Europe is available here.

Press contacts:

Dušan Ondrejička
tel.: +352 4379 83334
Website: www.eib.org/press

Press Office:
+352 4379 21000

Česká spořitelna:
Filip Hrubý
+420 775 011 550

We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.


Copyright ©

 European Investment Fund   – The European Investment Fund is not responsible for the content of external internet sites.