The European Investment Bank (EIB) has agreed to provide a significant loan of €100 million (approximately CZK 2.5 billion) to MONETA Money Bank, aimed at propelling the growth of small to medium-sized enterprises (SMEs) within Czechia. This strategic investment is poised to foster economic development, particularly in areas experiencing lower levels of economic activities, by empowering SMEs and supporting projects that have a beneficial impact on the climate and environment. A notable aspect of this initiative is the dedication of at least 12% of the loan to environmentally sustainable projects, with MONETA committing to further amplify this effort by offering in excess of CZK 700 million to support green entrepreneurial ventures.

EIB Vice-President Kyriacos Kakouris, overseeing the bank's operations in Czechia, expressed enthusiasm about expanding their collaboration with MONETA to enhance business prospects across the nation. This move is intended to stimulate economic growth that is inclusive and environmentally responsible.

Tomáš Spurný, the Chairman of the Management Board and CEO of MONETA Money Bank, highlighted the importance of this partnership with the EIB in reinforcing MONETA's pledge to back entrepreneurs and small businesses. These entities are crucial to the Czech economy's infrastructure, especially as the region navigates the challenges of transitioning to greener industries.

The financial support from EIB will be accessible through specialized "green loan" products offered by MONETA for at least a two-year period. These loans are designated for a variety of projects including renewable energy initiatives, agricultural improvements to combat soil erosion and enhance carbon sequestration, and the modernization of urban and suburban public transportation with an emphasis on zero-emission solutions. Additionally, investments will be directed towards building essential infrastructure like electric and hydrogen fueling stations, as well as upgrading water management systems and enhancing the energy efficiency of buildings and industrial operations. This comprehensive support framework underscores the commitment to advancing sustainable development and economic resilience among Czech SMEs.