Prague, 27 April 2016 – In the last three years (2013-2015), KB Group raised almost EUR 1.2 billion (CZK 32 billion) for its clients from the European Investment Bank (EIB), the European Investment Fund (EIF) and the Council of Europe Development Bank (CEB). KB Group absorbs 45% of all the funds from these European institutions which were channelled into the Czech banking sector in the above period. KB Group has become the most important and, in some programmes, the exclusive partner for European financial institutions in the Czech Republic.

Between 2013 and 2015, Komerční banka and Société Générale Equipment Finance ČR, a leasing company (SGEF) used approximately EUR 1.2 billion (CZK 32 billion) for more advantageous financing of Czech firms and municipalities as part of their cooperation with the European financial institutions, EIB, EIF and CEB. Since the beginning of this year, KB and SGEF have signed additional agreements totalling EUR 195 million (CZK 5.3 billion). Thus, Komerční banka and SGEF have become the most important partners for these European institutions in the Czech Republic.

“Cooperation with European financial institutions such as CEB and EIF falls, either completely or at least in part, within the social bank category. Through more advantageous funding of projects that have a positive influence on citizens’ needs, the environment, or support for disabled persons’ start-ups, this cooperation significantly contributes to our society’s sustainable development,” said Iveta Ocásková, Executive Director for Corporate Banking at KB.

European financial institutions are highly committed to the social impact of their activities. The programmes run by EIB, EIF and CEB therefore seek to underpin projects that are socially and societally beneficial. Examples include the currently running programmes with Komerční banka: EuroPremium Young (support for small and medium-sized enterprises when they employ young people), Profi úvěr Start (less expensive funding for start-ups without any business history – completely new in the Czech Republic), EuroEnergie (a programme for energy savings), and EuroInovace (support for small and medium-sized innovative businesses).

In some of the programmes (Microfinance with EIF and EuroEnergie with EIB), Komerční banka is the exclusive partner in the Czech market.

Depending on the type of the programme, the funds received from EIB, EIF and CEB help to lower the interest rates (for example, a firm that employs young people is granted a better rate for the loan provided) or serve as the guarantee for loans, which results in lower requirements for security (for example, KB can provide loans to start-up businesses on better terms).