Entrepreneurs and companies received CZK 65m (EUR 2.6m) from the NRB to support electromobility

Entrepreneurs and companies received CZK 65m (EUR 2.6m) from the NRB to support electromobility

The National Development Bank (NRB) guaranteed more than 1,770 loans under the Electromobility Guarantee programme, which enabled Czech entrepreneurs and companies to purchase more than 1,800 electric cars and 45 electric trucks. Under the programme, NRB also paid out financial contributions in the total volume of CZK 65 million (€ 2.6m) to cover part of the cost of purchasing emission-free vehicles and charging stations.

2022: NRB provided financing for Czech companies and cities in the total volume of CZK 24 billion

2022: NRB provided financing for Czech companies and cities in the total volume of CZK 24 billion

The National Development Bank (NRB) helped to finance 4,077 business projects last year with the total amount reaching CZK 24 billion (EUR 1bn). As compared with the year 2021 it is three times more, excluding specific covid programmes, most of which terminated at the end of 2021. Assisting the business sector through directly provided or guaranteed loans approached CZK 22.5 billion (EUR 0.9bn). Another CZK 232 million (EUR 10m) were provided to travel agencies in the form of a guarantee to obtain compulsory insolvency protection insurance.

In 2020, ČMZRB funded Czech enterprises with 47 billion CZK

In 2020, ČMZRB funded Czech enterprises with 47 billion CZK

Between January and October 2020, the Czech-Moravian Guarantee and Development Bank (ČMZRB) provided Czech enterprises with almost 9,700 guarantees and soft loans worth of CZK 47 billion (app. EUR 1.75 billion). Total volume of support is higher than for our record years 2018 and 2019 combined. This upsurge is caused by the coronavirus crisis, which affected many sectors of the Czech economy in March and once again in October. This is also reason why most of the support was realized in the form of working capital, compared to prevailing investment financing in previous years.