ČMZRB granted COVID support worth CZK 1.6bn

(ČIA) As on April 16, 2020, Czech and Moravian Guarantee and Development Bank (ČMZRB) approved support for entrepreneurs as part of COVID programmes worth CZK 1.6bn (including CZK 1bn within COVID II). This means that sole traders and small and medium-sized businesses received loans for CZK 1.9bn from ČMZRB or their banks. ČMZRB processed 1,400 applications. The bank expects that COVID I applications will be administered by the end of April and COVID II applications within a few weeks. The COVID Prague programme will be announced on April 20, 2020. During the first three months of the year, ČMZRB advanced support to small and medium-sized entrepreneurs worth more than CZK 3.7bn, up by 14% y/y.



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