CSOB obtains EIB loan for business investment


Ceskoslovenska Obchodni Banka (CSOB) and its subsidiary CSOB Leasing have received a loan of Ђ50m (CZK 1.6 bn) from the European Investment Bank to fund investment in Czech small- and medium- sized businesses (SMEs).

CSOB plans to use the money to provide long-term credit for the implementation of projects in infrastructure and the industrial and service sectors. CSOB Leasing is to fund projects in the production, logistics and service sectors.

Source: Prague Business Journal



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Posted on Dec 9, 2003
Region: Czech Republic