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According to the Bank’s website, the operation is a framework loan to Ceska Sporitelna a.s. ("CSAS", acting as borrower) and its fully owned subsidiary, Dostupne bydleni Ceske sporitelny a.s. ("DBCS", acting as promoter) to develop affordable housing projects in Prague, Czech Republic. The project envisages over 700 newly constructed housing units, to be operated on long-term affordable basis (below the market price) and rented out to key workers such as nurses, teachers and public sector workers and it is the first project of this type in the country.
The operation is aimed at supporting the construction of new affordable housing units in Czech Republic. Over 700 new apartments are set to be built across four locations in Prague, with delivery to public service employees scheduled throughout 2025 and early 2026.
Due to the nature of the investment, very limited negative environmental impacts are expected. Temporary nuisance due to construction works (dust, noise) linked to the renovations or the constructions shall be mitigated through appropriate site organisation and construction management.
Investment schemes are not envisaged to be located inside of the Natura 2000 areas nor in the vicinity of Natura 2000 sites.
A framework loan.
The clients are Ceska Sporitelna a.s. ("CSAS", acting as borrower) and its fully owned subsidiary, Dostupne bydleni Ceske sporitelny a.s. ("DBCS", acting as promoter).
Ceska Sporitelna a.s. is the largest bank in the Czech Republic in terms of the number of clients, which is approximately 4.493 million for the entire group. It is part of the Erste Group operating in Central and Eastern Europe with headquarters in Vienna.
Dostupne bydleni Ceske sporitelny a.s. is a subsidiary of Ceska Sporitelna a.s. The company invests in the construction of apartments and supports the availability of housing in Czech Republic.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Ceska Sporitelna AS | Client | - |
- | - | - | - | Dostupne bydleni Ceske sporitelny a.s. | Subsidiary | - |
Contact: Katarina Karmazinova
Email: k.karmazinova@ext.eib.org
Phone: +352 4379 - 70217
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
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