Last week, Komerční banka disbursed some more subsidies, this time CZK 3 million, from the EIB’s funds to its municipal clients. The bank also provided almost CZK 3 million to its corporate clients through lower rates of interest on loans.

The subsidies are associated with loans financed from the European Bank for Reconstruction and Development’s (EBRD) and the European Investment Bank’s (EIB) funds. Public sector clients receive subsidies directly, while corporate clients receive them through lower interest rates. An advantage of these programmes was the fact that the whole agenda entailed in project approval and administration and subsidy disbursement was arranged by Komerční banka.

Since the beginning of these programmes, the subsidies provided to KB’s clients under these programmes have totalled CZK 42.5 million.

Subsidies under the European Investment Bank’s programmes are another source of support for municipal and corporate clients. We are therefore pleased that Komerční banka has had the opportunity to provide all-round help to clients to receive the subsidies,” said Iveta Ocásková, Deputy Senior Executive Director, Distribution – Corporate.

For financing their projects, applicants for subsidies from the EU’s funds can use broad-ranging support provided by Komerční banka.

KB EU Point’s regional specialists provide applicants with advice on the identification of suitable subsidy schemes and on the design of the optimum financing of the projects to be subsidised. Towns and villages of all sizes also enjoy a personalised approach at Komerční banka. Even the smallest village in the Czech Republic can therefore use a specialist’s help. KB EU Point provides its services to clients free of charge.

For more information about Komerční banka’s services please visit www.eupoint.cz.