Komerční banka and the Agrarian Chamber to intensify their cooperation in subsidies

Press release

Prague, 1 September 2015 – Efficient drawing of both Czech and EU subsidies and also efficient use of the privileged agricultural programmes prepared in cooperation with European financial institutions is the main priority of extended cooperation between Komerční banka and Agrární komora ČR [Agrarian Chamber of the Czech Republic]. At the Země živitelka trade fair [The Bread Basket - International Agricultural Fair], KB also extended its cooperation agreement with Potravinářská komora ČR [Federation of the Food and Drink Industries of the Czech Republic].

“We now want to apply Komerční banka’s long experience with project preparation and with co-financing in drawing subsidies from the EU, but also at the national level, more intensively in agriculture and the food industry. Komerční banka is one of the most important financial partners for businesses in this area. This is why we now want to focus some more on advice and partnership in subsidy drawing and support for development investments so that Czech farmers use all the opportunities at hand to the full extent and improve their competitiveness,” said Iveta Ocásková, Executive Director for Corporate Banking at KB.

“We are delighted by extending our cooperation with Komerční banka, which is a major partner for this country’s farmers. Komerční banka has always supported farming and food projects and investments. I am convinced that the extension of this cooperation will further intensify this support and help us find new ways for developing the entire agro-food sector,” said Miroslav Toman, President of both the Agrarian Chamber and the Federation of the Food and Drink Industries.

Komerční banka and the Agrarian Chamber also expect the extension of their current agreement to help intensify their communication and information exchange. The two partners will also work together on additional joint activities, including a survey concerning farming investment financing, which is expected to help improve banking services.