Národní rozvojová investiční, a.s., a venture capital entity, is a joint-stock company 100% owned by the National Development Bank, a.s. Its main objective is to support public and private investment through equity and quasi-equity financial instruments that are based on the principle of return. The company fulfils this objective through the management of financial instruments and a fund of funds, with the investor being the relevant governing bodies of the state administration.

MUFIS (formerly the Municipal Financial Company) was established by the Czech-Moravian Guarantee and Development Bank (now the National Development Bank) in 1994 for the purpose of taking over loans provided by the USA – Housing Guarantee Program, with the understanding that the funds obtained in this way will be further lent to individual municipalities through domestic cooperating banks. Under this program, 122 loans were provided under the USAID Program Agreement and in the total amount of CZK 1.43 billion. All obligations and liabilities arising from the Program Agreement with USAID were paid to MUFIS in January 2012.