Czechia, March 11 -- A range of Czech businesses will gain access to more financing due to the European Investment Bank's (EIB) pledge of CZK 1.4 billion (€55 million) to Ceska Sporitelna (CSAS). The EIB investment, which takes the form of a guarantee on the mezzanine tranche of a synthetic securitisation, will enable CSAS to expand lending to small and medium-sized enterprises (SMEs) and Mid-Caps in the Czech Republic. The transaction gives CSAS leeway under rules on bank capital to expand financing for Czech SMEs and Mid-Caps by a total of around CZK 5.7 billion (€228 million). The operation is supported by the European Investment Fund (EIF) - part of the EIB Group - and aims to promote Czech business activity, employment and ...