Release date: 6 February 2009
Promoter – Financial Intermediary
Hrvatska banka za obnovu I razvitak
Location
Description
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.
Objectives
Make available access to long-term funds at affordable interest rates to small and medium size enterprise and local authorities.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 250 million including a Mid-Cap tranche up to EUR 50 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
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.
Procurement
Legal documents oblige the borrower to ensure that equipment purchases, services and works are procured in compliance with Bank’s usual criteria.
Status
Signed - 24/03/2009
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).