ČMZRB provides CZK 42bn to 9,000 entrepreneurs in 1-3Q

Published: 14.10.2020 Related countries:  Egypt Egypt

ČMZRB helped entrepreneurs finance 8,866 projects mainly of an operating nature.

The Czech-Moravian Guarantee and Development Bank (ČMZRB)
approved in 1-3Q 2020 support for entrepreneurs in the volume
exceeding CZK 42bn. This is two times more compared with the
entire year 2019. According to ČMZRB the demand for support in the
form of financial tools, i.e. guarantees and advantaged loans, is
enormous in 2020. This is primarily caused by the uncertainty
related to the coronavirus crisis. In a period from January to the end
of September, ČMZRB helped entrepreneurs finance 8,866 projects
mainly of an operating nature.
 
Source: CIA News
Prepared by the team of CzechTrade Cairo