The Czech arm of SG Equipment Finance is due to receive a loan worth 100 million from the European Investment Bank (EIB), it has emerged. It is understood that the funds will be used by SG Equipment Finance to finance SMEs in the Czech Republic, in particular for projects in the industry, transport, environment, energy and infrastructure sectors. The EIB has been lending money to lessors in an attempt to stem the effects of the economic turmoil on European SMEs
The Czech arm of SG Equipment Finance is
due to receive a loan worth €100 million from the European
Investment Bank (EIB), it has emerged.
It is understood that the funds will be used by SG Equipment
Finance to finance SMEs in the Czech Republic, in particular for
projects in the industry, transport, environment, energy and
infrastructure sectors.
The EIB has been lending money to lessors in an attempt to stem
the effects of the economic turmoil on European SMEs. As part of
its strategy, the EIB lent €300 million to Locat, the Italian arm
of UniCredit, in October; and earlier this month lent €250 million
to Banca Monte dei Paschi di Siena.
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