Release date: 16 April 2003
Promoter – Financial Intermediary
Raiffeisenbank Austria d.d., Zagreb (RBA) and Raiffeisen leasing d.o.o., Zagreb (RL). The proposed borrowers are respectively the Croatian banking and leasing subsidiaries of the Raiffeisen Zentralbank Osterreich (RZB) Group.Location
Description
The proposed global loan is directed to the financing of projects of small to medium size in the fields of infrastructure, environmental protection and improvement, energy, health, education, as well as industrial and services sector projects of limited size carried out by SMEs.
Objectives
To enhance the prospects for economic growth and employment in Croatia through the provision of long-term financing, thereby allowing private sector enterprises to undertake longer-term capital investments. It also will contribute to improving the competitiveness of Croatian industry from an EU-Croatia trade perspective.
Comments
Industry, infrastructure (including health and education), tourism, energy savings, services and environmental protection.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 30 million
Total cost (Approximate amount)
N/A
Environmental aspects
All eligible projects will have to respect the environmental conditions to ensure compliance with European and national legislation
Procurement
The Bank’s standard procurement guidelines applicable to Global Loans will apply.
Status
Signed - 6/06/2003
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).