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    Signature(s)

    Amount
    € 250,000,000
    Countries
    Sector(s)
    Croatia : € 250,000,000
    Credit lines : € 250,000,000
    Signature date(s)
    24/03/2009 : € 250,000,000
    Link to source

    Summary sheet

    Release date
    6 February 2009
    Status
    Reference
    Signed | 24/03/2009
    20080408
    Project name
    Promoter - financial intermediary
    HBOR Loan for SMEs and Mid-Cap

    Hrvatska banka za obnovu I razvitak

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 250 million including a Mid-Cap tranche up to EUR 50 million.
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Credit line for SMEs with a Mid-cap tranche for financing SME and medium-sized companies’ projects (including projects in the field of tourism), small and medium scale infrastructure projects promoted by local authorities and any size industrial investment in the fields of the knowledge economy, energy and environmental protection. It is expected that grant schemes provided by the European Commission under the Energy Efficiency Finance Facility will be included in the credit line.

    Make available access to long-term funds at affordable interest rates to small and medium size enterprise and local authorities.

    Environmental aspects
    Procurement

    Legal documentation will stipulate the obligation for financial intermediaries to ensure that projects financed under this credit line are in line with relevant national and/or EU environmental legislation.

    Legal documents oblige the borrower to ensure that equipment purchases, services and works are procured in compliance with Bank’s usual criteria.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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