CTP signed agreements with five banks in the first quarter of 2014, securing €194m worth of new financing or refinancing for various projects. The deals include a €92m refinancing package with CTP’s long term lender Česká spořitelna, part of Erste Bank Group, as well as a €20.5m agreement with VUB, which now holds €30m in loans, up from €5.6m in 2012. CTP also secured €28m in refinancing with Raiffeisenlandesbank W/NÖ and struck a deal with Helaba for €52m. Finally, an agreement with Komerční Banka was also reached.
Between 2013 and the first quarter of 2014, CTP refinanced nearly 80 percent of its loan portfolio.
