In April 2015 Czech bank Komerční banka (KB) closed a guarantee contract within the programme InnovFin with the European Investment Fund (EIF). The new contract will allow funding of innovative projects in the volume of CZK 4.2bn (EUR 150m). According to Iveta Ocásková, the executive manager for corporate banking in KB, the bank will raise the maximal amount of a loan in the programme to CZK 190m, extend the maturity period to 1-10 years and offer the possibility to choose a revolving kind of a loan and a withdrawal in CZK or EUR in few weeks.
Source: www.cianews.cz
