ČMZRB turns into National Development Bank

(ČIA) The Czech-Moravian Guarantee and Development Bank (ČMZRB) continues, in line with its new strategy, as the National Development Bank (NDB). The bank will continue to support small and medium-sized enterprises, but will expand its portfolio to include financing of Czech infrastructure. Minister of Industry and Trade Karel Havlíček (ANO) said that the NRB, together with the National Development Fund (NDF), will participate in a project to purchase 20 train sets, 180 cars in total, for Czech Railways. The state will invest up to CZK 800bn in transport to build a high-speed railway line and another CZK 130bn to secure the railways. In addition, the NRB will also help finance projects in the energy and healthcare sectors.



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