Board Approval Date | Project | Project
Cost*
(million USD) | IFC Financing*
(million USD) | Project
Description |
| Jan-01 | Konsolidacni Banka | 50.0 | 22.5 | Investment to support the first portfolio sale of non-performing loans held by Konsolidacni Banka. |
| Jul-98 | CSOB | 1,200.0 | 75.0 | Privatization of CSOB, one of the biggest and strongest Czech banks. CSOB was established as a joint-stock company in 1964. Up to the early '90s, the bank was the country's foreign trade bank, providing finance to foreign trade companies. The bank was privatized in 1999 with a majority stake sold to KBC, one of the leading Belgian banks. |
| Jun-98 | Nova Hut | 12.0 | 12.0 | Stand-by facility to support additional cash generating capacity for steel plant. |
| Apr-98 | DCR Czech Rating | 0.5 | 0.1 | Establishment of the country’s first credit rating agency with international participation. |
| May-97 | ECKG RMF | 0.0 | 10.0 | Expansion of a cogeneration plant to increase its power output. |
| Apr-97 | Nova Hut | 650.0 | 75.0 | Comprehensive restructuring and modernization of an integrated steel plant. The project is focused on downsizing, product mix, and plant compliance with environmental standards. |
| Jul-96 | Kladno | 401.0 | 60.0 | Environmental upgrade and expansion of a district heating plant into a 332MW installed capacity cogeneration plant, which would sell electricity to a local steel plant. |
| Jun-95 | Plzensky Prazdroj | 171.5 | 43.2 | Completion of the construction and modernization/expansion of a brewery. |
| Jan-95 | Cembrit Bohemia (formerly Beronit) | 14.9 | 4.1 | Modernization of a major Czech manufacturer of asbestos-free roofing products for the commercial and residential real estate industries. The goal of the project was to finance the introduction of technology and equipment that would allow the company to discontinue the use of asbestos fibers and replace them with cellulose. |
Jun-94
Mar-95 | Cembrit Moravia (formerly EZA Sumperk) | 18.2
0.5 | 4.7
0.5 | Modernization and upgrade of the company's corrugated sheet production capacity and conversion of its production process from asbestos-based to cellulose-based technology. Cembrit Moravia a.s. is a producer of asbestos-cement building materials. |
| Nov-93 | Autokola | 63.0 | 15.8 | Expansion of wheel production capacity and completion of a new paint plant. |
| Sep-93 | MAFRA | 39.2 | 14.2 | Expansion and modernization of a newspaper publisher with the objective of maintaining and enhancing its leadership position in the market. |
| Jul-93 | Vetropack Moravia Glass | 48.0 | 19.7 | Modernization and expansion of a container glass producer. Upgrade of existing flint and amber glass production facilities. |
| Apr-92 | Ceskomoravsky Cement (MOKRA) | 127.0 | 17.8 | Privatization of country’s largest cement producer; subsequent modernization of cement production and upgrading of environmental controls. |
| Apr-92 | OB Sogelease | 2.9 | 0.6 | Establishment of a joint venture leasing company to provide medium-term equipment leases to domestic enterprises. |
| Mar-92 | OB Heller | 1.1 | 0.2 | Establishment of a second factoring company in the country to focus on export factoring, especially exports to Western Europe. |
| Mar-92 | CS Cabot | 87.1 | 20.3 | Establishment of a joint venture formed by the biggest coal-tar distiller, Deza Ltd., and a US corporation to produce modern grades of carbon black. |
| Jan-92 | Zivnostenska Banka | 50.0 | 6.5 | Privatization of Zivnostenska Banka - the first bank privatization with foreign investment in Central and Eastern Europe. Zivnostenska Banka specializes in private, corporate, and investment banking. |
