Finance Ministry to raise base capital of Export Bank by two billion crowns

The Finance Ministry is prepared to raise the base capital of the Czech Export Bank by two billion crowns (90.1 million USD), a spokesperson said on Wednesday. In a bid to tackle the ongoing financial crisis, the government will inject 650 million crowns into the bank straight away, with another 300 million crowns at least to follow in the coming months. Last year, the Czech Export Bank offered loans and guarantees worth more than 20.5 billion crowns to Czech exporters and their foreign business partners.