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EIB opens office in Czech Republic and signs loan for youth employment

Staff writer |
The European Investment Bank (EIB) Group inaugurated its office in Prague. The move is part of the EU bank’s plan to boost its presence in Europe and beyond in order to promote business and policy dialogue.

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It currently has offices in 19 EU Member States and 19 countries outside the EU.

The EIB also signed a loan contract of EUR 95 million with Komerční Banka to finance projects developed by SMEs and Mid-Cap companies with the aim of supporting youth employment.

The contract signed today with Komerční Banka will help to improve the access of SMEs and Mid-Cap companies to long-term financing and improve the conditions for fighting youth unemployment. The EIB’s total lending commitment in the Czech Republic is EUR 18.4 billion.

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