Czech Export Bank has entered the new year with the successful completion of negotiations with the state enterprise Montenegro Railways that has created the foundations for the realisation of large-scale and technically demanding commissions for the reconstruction of the railway line between the towns of Nikšić and Podgorica. This reconstruction will be carried out by the Czech enterprise Železniční stavitelství Brno, which has already also signed the appropriate contract worth almost EUR 50 million.

The volume of contracts for the provision of credit and for the issuing of guarantees that Czech Export Bank signed with its clients in 2005 exceeded CZK 18 billion, a year-on-year rise of around 6.5%. This means that CEB's position in the system of state export support as well as on the banking market, on which it is profiling itself as the leader in its specialised segment, has continued to strengthen. CEB has thus pro-financed both large business cases worth several billions of crowns and also export cases for SMEs, which make up a not insignificant share of CEB's commercial activities. In accordance with the bank's mission, on the basis of its qualified knowledge of the Czech economy, the bank has succeeded in offering financing with state support to a series of new clients.

The greatest interest in support is shown by enterprises for expansion into countries outside the EU and into other developed markets. The great majority of future exports and also investments financed by CEB will be directed to countries that only in exceptional cases make up over 2% of Czech exports, but which represent territories with great growth, and thus also import, potential. The structure of the CEB portfolio has also confirmed the changes over recent years, in particular with the strengthening of the share of financing of production for export: almost one-quarter of the signed contracts secure financing for exporters' production in this country. CEB clients have won the largest commissions for the export of components for the aviation industry, special freight ships, technology for the manufacture of packaging glass and now also for the implementation of infrastructure projects (roads, railways and other projects). The largest volumes of CEB financing were for exporter and investor contracts in Azerbaijan, in Russia, in Ukraine and in other CIS countries, but also for example in Holland. Greater and greater demand as well as concrete business cases for expansion into the Balkans are appearing, new opportunities are showing themselves in Vietnam and in Mongolia, and markets in Latin America are once again opening.

CEB provides Czech exporters with state supported export financing and financial services connected with the export of goods and investments, thus allowing Czech exporters to compete on international markets under conditions comparable to those enjoyed by their main competitors from other developed countries. All CEB activities are fully compliant with World Trade Organization (WTO) rules, the applicable recommendations of the Organisation for Economic Co-operation and Development (OECD) and European Union directives. CEB actively cooperates with other state support organisations, in particular with the Czech Trade agency, and uses EGAP insurance. The CEB mission is to support entrepreneurs through the most advantageous financing and not to maximise its own profits. CEB has the same rating as the Czech Republic.

Jan Stolár
Director of Communication

Tel.: +420 222 843 233
Fax: +420 222 841 266
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ČEB provides Czech exporters with state-supported financing of exports and financial services related to exporting goods and investments, thereby enabling Czech exporters to enter tenders on the global market under conditions comparable to those of competitors from other developed countries. All of CEB’s activities are in full compliance with WTO rules, relevant recommendation of the OECD, and European Union directives. CEB actively cooperates with other organizations providing state support, particularly Czech Trade, and uses insurance from EGAP. CEB’s mission is to support entrepreneurs by means of the most advantageous financing, not for maximum profit. CEB has the same rating evaluation as the Czech Republic.