ČMZRB to support public infrastructure projects in the Czech regions

ČMZRB to support public infrastructure projects in the Czech regions

The Czech-Moravian Guarantee and Development Bank (ČMZRB) signed two memoranda on cooperation as part of an effort to increase its involvement in public infrastructure financing. In December 2020, the bank signed a memorandum with the City of Pardubice, which is the capital of the Pardubice Region and one of the main regional centres in Eastern Bohemia. In January 2021, the bank signed a memorandum with the Moravian-Silesian Region, which is located in the north-eastern part of the Czech Republic.

Czech National Bank issued a licence for the National Development Fund

Czech National Bank issued a licence for the National Development Fund

The Czech National Bank issued a licence for the National Development Fund SICAV (“NDF”). This will enable the participation of private capital on infrastructure financing in the Czech Republic. Board of Directors of NDF together with potential private investors have already started to identify and assess potential infrastructure projects for financing. Beside the Czech-Moravian Guarantee and Development Bank (ČMZRB), four commercial banks as private investors joined this initiative: Česká spořitelna, Komerční banka, Československá obchodní banka and UniCredit Bank Czech Republic and Slovakia. Other private investors can join NDF in future.