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About Dropdown Description

World Bank building
About

MIGA’s goal is to promote foreign direct investment into developing countries to support economic growth and more.

Learn More

Our Impact Dropdown Description

Hands husking peas into a basket full of peas
Our Impact

Learn about the progress MIGA is making in its mission to support economic growth, reduce poverty and improve people’s lives.

Learn More

Our Products Dropdown Description

Young woman bending down to tending to her outside chores
What We Do

Explore different types of political risk insurance guarantees provided to investors and lenders.

Learn More

Projects Dropdown Descriptions

Hyundai building
Projects

Explore global projects that support economic growth, reduce poverty and improves people’s lives.

Search Projects
Czechia

Bank Austria Creditanstalt Leasing Real Estate S.R.O.

$88.2 million
Services
Project Brief
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MIGA issued $88.2 million in coverage to Bank Austria Creditanstalt Leasing GmbH for its shareholder loan to Bank Austria Creditanstalt Leasing Real Estate S.R.O. (BACLRE) to expand its commercial real estate operations in the Czech Republic. The guarantee covers the investment against the risk of transfer restriction.

The shareholder loan will allow BACLRE to increase the availability of long-term commercial real estate financial leases for Czech companies and investors at competitive prices. BACLRE is expected to develop the local commercial real estate market, facilitating the expansion of retail, wholesale, and commercial businesses.

Approximately $100 million in labor and materials for construction will be purchased in the local market. Training programs in Vienna and at onsite facilities will give employees skills in risk assessment and legal and technical assistance in leasing.

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