The National Development Bank of the Czech Republic (NRB) is a Czech public development bank headquartered in Prague, established on January 28, 1992 as the Czech-Moravian Guarantee and Development Bank and known by that name until it adopted its current title on September 1, 2021. It has historically focused on supporting small and medium sized enterprises through guarantees and preferential loans, later expanding into financing for housing development and municipal infrastructure and serving as an intermediary for European Investment Bank infrastructure loans. It is fully owned by the Czech state, represented by the Ministry of Industry and Trade, the Ministry of Finance, and the Ministry of Regional Development.
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Founding Year Headquarters Classification
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Sources
1. National Development Bank of the Czech Republic (Wikipedia)
History
established in 1992 as a joint-stock company
Infobox, hq_location_city
Prague
Lead sentence
The National Development Bank of the Czech Republic (Czech: Národní Rozvojová Banka, NRB), known from 1992 to August 2021 as the Czecho-Moravian Guarantee and Development Bank (Czech: Českomoravská záruční a rozvojová banka), is a public development bank headquartered in Prague, Czech Republic.
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