Czech and Slovak Mid-Caps to get €400 million financing boost under EIB accord with UniCredit subsidiary
Czechia, March 18 -- Mid-Cap companies in Czechia and Slovakia will be eligible for as much as €400 million in favourable loans as a result of a guarantee from the European Investment Bank (EIB) to a local subsidiary of UniCredit SpA. The EIB is providing a €200 million guarantee to Unicredit Bank Czech Republic and Slovakia to enable the lender to offer up to twice the amount in new loans for Czech and Slovak manufacturing and export-oriented businesses.The guarantee will allow Unicredit Bank Czech Republic and Slovakia to offer loans with longer maturities and larger loan sizes, as well as better serve rapidly growing companies with higher borrowing needs. The deal will also expand the availability of financing tools and featu...
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