EIB Doles Out $200M To Czech Banks For Green Lending

Law360, New York (September 5, 2013, 3:43 PM EDT) -- The European Investment Bank on Thursday announced loans totaling nearly $200 million for clean energy efforts in the Czech Republic, part of an effort to spur renewable power investment in central and eastern Europe.

The EIB will loan Raiffeisenbank AS €100 million ($131 million) and Ceska Sporitelna AS €50 million ($65 million), to be re-lent to housing projects and energy companies for efficiency upgrades and green energy generation projects.

The bank said the money will be a “financial incentive” for eligible products — developmentspeak for the...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.